$264,000
1223 Bonanza Avenue #7
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.
2
Beds
·
1.0
Baths
·
841
Sq Ft
·
871
Lot
About This Property
Fantastic affordable starter home or investment ski condo only 6 miles to Heavenly Ski Resort and ideally located in town within walking distance to many restaurants, retail shops, grocery stores and a climbing gym. This 2 bedroom/1 bath unit has recently been upgraded with LVP flooring throughout and is conveniently located on the ground floor. No worries about slippery steps in the winter! And the kids will love the Bonanza Neighborhood Park located just next to the complex with basketball hoops, an awesome play structure and lots of room to run around. HOA dues include exterior building fire insurance, snow removal, parking, exterior maintenance, on-site laundry, mail boxes and unlimited hot water.
Listed by Kimberly Cramer — Compass
Listing Details
Status
Active
MLS #
142490
Days on Market
44
Sold Date
1800-01-01
Price/Sq Ft
$314
Property History
Jan 31, 2026
Listed for sale
$264,000
Property Overview
Beds
2
Baths
1.0
Sq. Ft.
841
Lot Size
0.02 acres
Year Built
1965
Property Type
Condominium
Subdivision
Corte D Azur
APN
032371007000
Parking
Parking Features
None
Exterior & Lot
Construction
Wood Frame
Roof
Flat, Asphalt
Foundation
Slab
Utilities & Systems
Heating
Electric, Wall or Space Heater
Financial
HOA Fee
$319 / Monthly
HOA & Community
Community Amenities
Additional Parking
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%
Payment calculator
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($52,800)
Home price
$264,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: 9166671444
