$149,000 Active

1068 Reno Avenue

South Lake Tahoe, CA 96150

✓ STR Allowed — Permit Required

City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.

About This Property

Per TRPA records this lot had a large prior structure on it. There is a generous 3667sf of verified coverage available for an extensive building envelope. TRPA notes a new land capability verification is needed to determine the IPES and any SEZ. Recent survey is on file. STPUD shows 9 existing sewer units that can be applied to a new build for a permit cost savings. Buyers to independently verify all potential entitlements and building requirements/ restrictions to their satisfaction.

Listed by Michael Keller — Keller Properties

Listing Details

Status Active

MLS # 142623

Days on Market 121

Sold Date 1800-01-01

Property History

Mar 21, 2026

Listed for sale

$149,000

Property Overview

Lot Size 0.11 acres

Property Type Land

Subdivision Unavail

County El Dorado

STR Jurisdiction South Lake Tahoe

APN 031121010000

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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone

STRUCTURAL SCORE Excellent

PROJECTED ANNUAL REVENUE

$142,500 ($118K – $167K range)

~$11,875 per month

Avg Nightly

$485

Occupancy

68%

Cap Rate

5.2%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

Legal Occupancy

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build

0 sq ft covered of 1,501 sq ft allowed

1,501 sq ft of coverage still available to add.

Parcel Size

5,004 sq ft

Allowed Coverage

1,501 sq ft · 30%

Existing Coverage

0 sq ft

Addable Coverage

1,501 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month

Principal & interest

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($29,800)

Home price

$149,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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