Dual-Living Duplex on One
1259 Bonanza Avenue South Lake Tahoe, CA 96150
1259 Bonanza Avenue, South Lake Tahoe, CA, 96150
$759,000
For Sale
$759,000
MULTI_FAMILY - South Lake Tahoe, CA
Property Size2,452 SF
Lot Size1.00 Acre
Price / SF$309.54
Days on Market35
Property Features for 1259 Bonanza Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking
- 8
- Window features
- Double Pane Windows
- Interior features
- High Speed Internet
- Standard status
- Active
- APN
- 032151012000
- Size
- 2,452 SF
- Lot size
- 1.00 Acre
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1992
- Building materials
- Wood Frame
- Roof type
- Composition
Listing agency
Chase International - South Lake Tahoe
(530) 544-2121
Listed by
Brent Johnson · License #01474921
(530) 544-2121
Added: Jun 19 Updated: Jul 18 at 4:06AM Checked: Jul 23 at 6:06AM
MLS# 143086
Copyright © 2026 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex-style property offers two separate living units designed for flexible, dual-living arrangements. Each unit includes two bedrooms, two bathrooms, and a spacious loft area that can serve as additional sleeping space, an office, or an extra living room. The interior features vaulted ceilings and knotty pine paneling. Kitchens include gas ranges, built-in dishwashers, and wood cabinetry. Mechanical and comfort updates include natural gas hydronic heating and dual-pane windows, along with laundry hook-ups in each unit, with a washer and dryer included in one unit. One of the lofts also includes a second living space with a wood-burning stove, a bunk bed area, and access to a private deck.
The property sits on a rare, level one-acre lot and is accessed through a gated driveway with ample parking for multiple vehicles and recreational gear. Set among the pines in South Lake Tahoe, the layout provides privacy and outdoor space while still maintaining access to shopping, transportation, and outdoor recreation.
For buyers, this configuration supports a range of occupancy strategies, including living in one unit while renting the other, multi-generational use, or shared ownership. Tenants and owner-occupants also benefit from the practical, self-contained unit layouts and on-site laundry setups, paired with dedicated parking through the gated entry.
The property sits on a rare, level one-acre lot and is accessed through a gated driveway with ample parking for multiple vehicles and recreational gear. Set among the pines in South Lake Tahoe, the layout provides privacy and outdoor space while still maintaining access to shopping, transportation, and outdoor recreation.
For buyers, this configuration supports a range of occupancy strategies, including living in one unit while renting the other, multi-generational use, or shared ownership. Tenants and owner-occupants also benefit from the practical, self-contained unit layouts and on-site laundry setups, paired with dedicated parking through the gated entry.
Key Highlights
- Duplex‑style property on a rare 1‑acre, level lot in South Lake Tahoe
- Built in 1992 with wood‑frame construction and a composition roof
- Each unit offers 2 bedrooms, 2 bathrooms, plus a spacious loft area
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $25.20 |
| − Vacancy | −$3.6k | −$1.46 |
| EGI | $58.2k | $23.74 |
| − OpEx | −$17.5k | −$7.12 |
| NOI | $40.7k | $16.62 |
2,452 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$582.1K
$509.4K – $679.2K
NOI $40,749 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$521.0K
$455.9K – $607.8K
NOI $36,470 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$876.6K
$767.1K – $1.02M
NOI $61,364 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two-bedroom units, lofts, and separate living spaces on a level one-acre parcel with gated parking access.
Where is this duplex located?
The property is located at 1259 Bonanza Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Duplex‑style property on a rare 1‑acre, level lot in South Lake Tahoe; Built in 1992 with wood‑frame construction and a composition roof; Each unit offers 2 bedrooms, 2 bathrooms, plus a spacious loft area
