$895,000 Active
802 Tallac Avenue
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
5 Beds
·
2,112 Sq Ft

About This Property

A unique triplex opportunity just blocks from Lake Tahoe! The property features a charming three-bedroom, two-bath front cabin, plus two separate one-bedroom, one-bath cabins in the rear. Live in the spacious front home while generating rental income from the two back units, or rent all three as an investment property. Ideally located near shopping, the lake, beautiful meadows, walking trails, and everything South Lake Tahoe has to offer. With three distinct residences and a highly convenient location, 802 Tallac Avenue offers flexibility, income potential, and the chance to enjoy the Tahoe lifestyle while offsetting the cost of ownership. Offered at $895,000, this versatile South Lake Tahoe triplex presents an excellent opportunity for both investors and owner-occupants

Listed by Jarred Uppendahl — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 143452
Days on Market 9
Sold Date 1800-01-01
Price/Sq Ft $424

Property History

Sep 04, 2026
Listed for sale
$895,000
Property Overview
Beds 5
Sq. Ft. 2,112
Lot Size 0.11 acres
Year Built 1959
Property Type Triplex
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026077011000
Exterior & Lot
Construction Wood Frame
Roof Pitched, Asphalt
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas, Wall or Space Heater
Cooling None
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
40
PROJECTED GROSS ANNUAL REVENUE
$35K – $95K typically ~$60,000
~$5,000 per month
Avg Nightly
$340
Occupancy
48%
Cap Rate
2.7%

STR Investment Summary — 802 Tallac Avenue, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$35K – $95K
typically ~$60,000
Avg Nightly Rate
$340
Projected Occupancy
48.3%
Cap Rate
2.7%
Structural Score: 40 / 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
2,152 sq ft covered of 1,802 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,007 sq ft
Allowed Coverage
1,802 sq ft · 30%
Existing Coverage
2,152 sq ft · 36%
Addable Coverage
0 sq ft
Existing Units
3

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% ($179,000)
Home price
$895,000
Loan details
30-yr fixed, 6.5%
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