$1,195,000 Active
2026 15th Street
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.
6 Beds
·
2,340 Sq Ft

About This Property

Own Your Tahoe Escape While Generating Rental IncomeExceptional opportunity to own a charming 5-unit multifamily property in a highly desirable South Lake Tahoe neighborhood. This unique property offers the ideal blend of income potential and personal enjoyment. Rent four units while keeping the beautifully remodeled fifth unit as your own Tahoe retreat.Designed with a welcoming courtyard feel, the property is perfectly situated adjacent to the South Lake Tahoe bike path and just 1.5 miles from Camp Richardson and Pope Beach, offering easy access to beaches, biking, and year-round recreation.All units feature alder kitchen cabinetry and granite countertops, creating a warm mountain-modern aesthetic throughout. The recently remodeled owner's unit was thoughtfully redesigned down to the studs and showcases completely new finishes, including alder cabinets, blue quartz countertops, tile backsplash, new appliances, and a fully renovated bathroom. This cozy and stylish unit is ideal for owner occupancy, a seasonal getaway, or continued rental income.Additional highlights include: Separate gas and electrical meters for each unit Communal laundry room for tenant convenience New on-demand water heaters on the east wing of the property; including a dedicated unit for the laundry room Excellent flexibility for investors, owner-users, or multi-generational living Whether you're looking for cash flow, a second home, or both, this versatile Tahoe property offers exceptional financial and lifestyle opportunities in one of the area's most sought-after locations.

Listed by Alora Reynolds — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142967
Days on Market 14
Sold Date 1800-01-01
Price/Sq Ft $511

Property History

May 22, 2026
Listed for sale
$1,195,000
Property Overview
Beds 6
Sq. Ft. 2,340
Lot Size 0.73 acres
Year Built 1957
Property Type MLF
Subdivision Lukins
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023111039000
Parking
Total Parking 7
Exterior & Lot
Exterior Features Patio/Balcony
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas, Wall or Space Heater, Fireplace
Cooling Other/See Remarks
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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%

STR Investment Summary — 2026 15th Street, South Lake Tahoe

Est. Annual Revenue
$61,886
Avg Nightly Rate
$707
Projected Occupancy
24.9%
Cap Rate
2.1%
Structural Score: 47 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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% ($239,000)
Home price
$1,195,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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