Loading...

South Lake Tahoe, CA, 96150 • 96150 • El Dorado County
$587/sqft
Down payment assistance available
8Beds
5Baths
2,552Sqft
0.16 acLot
1952Built
Lakeside Park
96150
2d on Market
Listed Apr 11, 2026
This home is getting attention
Listed 2 days ago · 540 views · 39 saves
Demand and pricing signals for this listing
540 views
People checking out this listing
39 saves
Buyers have saved this home
2 days on market
Just listed — act fast
$587/sqft
Price per square foot
Multi Family · Built 1952
Four rentable units, one unbeatable location. This South Lake Tahoe income property sits blocks from Lake Tahoe, Heavenly Village, and the Gondola, the kind of address that keeps calendars full year-round. The property is also located within the Tourist Core Area Plan (TCAP).A cozy cottage plus a triplex gives you four independent income streams and real flexibility as an owner. The numbers back it up: the property has averaged around $150K in gross rental income annually over the past three years, with a cap rate approaching 6% at the asking price.Capital improvements since 2020 include: a new roof, full driveway replacement, electrical panel upgrade, foundation work, exterior paint, and more. The heavy lifting is done. A reliable maintenance team is already in place, so day-one operations are seamless. Full financials, disclosures, survey, and due diligence materials available upon request.A TRPA full site assessment has already been completed to help verify land capability and coverage, an added due diligence benefit for buyers. The property also enjoys additional privacy thanks to a neighboring California Tahoe Conservancy lot to the right.The purchase includes a transferable Lakeside Beach Club membership, a coveted perk that adds genuine lifestyle value for owners and guests alike. For investors exploring Real Estate Professional Status (REPS), this property's documented income history and professional management setup make it a compelling candidate for that conversation with your CPA.Tahoe demand is real, the income is proven, and the upgrades are solid. Hard to find all three in the same deal.
Standout features identified
Our analysis highlights cozy cottage, foundation work, and new roof as key attractions of this home.
Based on current rates
Est. 6.26% rate · 30yr fixed · $1,199,200 loan
Full calculator →Key facts and listing details
8 categories of property features
Market data and value estimates
3 schools rated nearby
South Lake Tahoe, CA, 96150
6 events
Local context around this listing
South Lake Tahoe, CA • El Dorado County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. © Copyright South Tahoe Association of Realtors. Based on information from the South Tahoe Association of REALTORS® MLS as of 2026-04-14 14:10:13 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
No obligation · Same-day response