$1,600,000 Active
3716 Pioneer Trail
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
11 Beds
·
5,716 Sq Ft
Virtual Tour

About This Property

Centrally located 6-unit apartment building in South Lake Tahoe, The Lazy Bear Apartments offers an exceptional investment opportunity. This well-maintained 6-plex boasts a proven record of low vacancy, providing reliable income and strong performance potential in the thriving Tahoe rental market. Its prime position is a significant draw for renters, situated just minutes from the Heavenly Village and Heavenly Ski Resort, making it a highly desired year-round location with easy access to all local amenities, dining, and transportation. The building features five 2-bedroom/1-bathroom units and one studio, complemented by four additional storage/parking garages. Tenants appreciate the unit features, which include newer appliances, gas stoves, washer/dryer hookups, and a desirable open living concept.

Listed by Jarred Uppendahl — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 142631
Days on Market 71
Sold Date 1800-01-01
Price/Sq Ft $280

Property History

Mar 26, 2026
Listed for sale
$1,600,000
Property Overview
Beds 11
Sq. Ft. 5,716
Lot Size 0.26 acres
Year Built 1964
Property Type MLF
Subdivision Markofer
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 028041006000
Parking
Total Parking 8
Parking Features 8.00
Exterior & Lot
Exterior Features Patio/Balcony
Construction Wood Frame,Wood Siding
Roof Flat
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Financial
HOA / Community South Tahoe Association of Realtors
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
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
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($320,000)
Home price
$1,600,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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