838 San Francisco Avenue South Lake Tahoe, CA 96150
MULTI_FAMILY - South Lake Tahoe, CA
Property Features for 838 San Francisco Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Window features
- Single Pane Window(s), Double Pane Windows
- Exterior features
- Storage Shed
- Standard status
- Active
- APN
- 026102009000
- Size
- 1,296 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Natural Gas, Space Heater
Building Details
- Year built
- 1974
- Building materials
- Wood Frame
- Roof type
- Composition
- Additional Structures
- Storage
Listing agent Jarred Uppendahl (530) 544-5395
Listing office Realty World Lake Tahoe 949 Tahoe Keys Blvd., South Lake Tahoe, CA (530) 544-5395
Listing date Jul 3, 2026
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.
The address is located about five blocks from the shores of Lake Tahoe, placing it within a short distance of local restaurants, cafes, and neighborhood destinations.
For buyers, this layout can fit multiple scenarios, including full-time residency, a second-home with an income-producing unit, or an owner-investor strategy using the two independent cabins. The low-maintenance character referenced in the remarks may also appeal to users who want an easier day-to-day ownership experience while keeping the benefits of an income-producing configuration. Overall, the property’s duplex setup and cabin style are centered on practical dual-use living close to the lake.
Key Highlights
- Duplex with two separate 2‑bedroom, 1‑bath cabins
- Five blocks from the shores of Lake Tahoe (838 San Francisco Avenue)
- Wood‑frame construction with composition roof
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 | $32.7k | $25.20 |
| − Vacancy | −$1.9k | −$1.46 |
| EGI | $30.8k | $23.74 |
| − OpEx | −$9.2k | −$7.12 |
| NOI | $21.5k | $16.62 |
