$674,990 $799,990 ↓ $125,000 reduced Active
1940 Apache Avenue
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
5 Beds
·
2.0 Baths
·
2,200 Sq Ft

About This Property

Major Price Improvement!!! This is your shot at a mountain retreat at a price that actually makes sense. This 5-bedroom, 2-bath home gives you 2,200 square feet and a big lot to work with a genuine blank canvas for anyone ready to put in a little TLC and build some serious equity while they're at it.The bones are good. Open beam ceilings, big windows, and a layout that already flows the living room opens into the kitchen, and there's a gas fireplace anchoring the whole space. The kitchen's got real potential: stainless appliances, concrete slab counters, custom wood cabinets, and a breakfast bar already in place. Bedrooms are split across both floors, and downstairs has a great bonus space with a vintage pool table ready for a family room, a kid zone, whatever you need it to be. There's a laundry room too, and both bathrooms have tile flooring and existing showers and counters to build on.Outside, you've got a Trex deck and balcony overlooking filtered mountain and golf course views and honestly, that view shows up from nearly every room in the house. The backyard is fully fenced with a hot tub already in place, and the paver driveway gives you plenty of room for vehicles and gear.This one's being sold as-is, with some deferred maintenance to work through, but that's exactly why the price reflects it. Walking distance to Holiday Market, minutes from three ski resorts and top-tier mountain biking the location alone is hard to find at this number. Bring your vision and your contractor; this is the kind of opportunity that doesn't sit long at this price.

Listed by Angela Challenor — Christie's International Real Estate Sereno

Listing Details

Status Active
MLS # 143186
Days on Market 46
Sold Date 1800-01-01
Price/Sq Ft $307

Property History

Jul 09, 2026
Listed for sale
$799,990
Aug 10, 2026
Price reduced
$674,990 $799,990 ↓ $125,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2019 · county record $515,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 5
Baths 2.0
Sq. Ft. 2,200
Lot Size 0.25 acres
Year Built 1968
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 034083012000
Exterior & Lot
Exterior Features Spa/Hot Tub
View Mountains, Filtered, Forest
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
50
PROJECTED GROSS ANNUAL REVENUE
$37K – $89K typically ~$64,017
~$5,335 per month
Avg Nightly
$364
Occupancy
48%
Cap Rate
3.8%

STR Investment Summary — 1940 Apache Avenue, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$37K – $89K
typically ~$64,017
Avg Nightly Rate
$364
Projected Occupancy
48.2%
Cap Rate
3.8%
Structural Score: 50 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,530 sq ft covered of 1,753 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,967 sq ft
Allowed Coverage
1,753 sq ft · 16%
Existing Coverage
2,530 sq ft · 23%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
5
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

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% ($134,998)
Home price
$674,990
Loan details
30-yr fixed, 6.5%
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