Duplex with Loft
For Sale
$849,000
Pending
1259 Bonanza Avenue, South Lake Tahoe, CA 96150
Rustic duplex with separate lofts, decks, laundry hookups, and gated vehicle access.
Property Size2,452 SF
Lot Size1.00 Acre
Days on Market305
Property Features for 1259 Bonanza Avenue
General Information
Standard status
Pending
Size
2,452 SF
Total Parking Spaces
8
Lot size
1.00 Acre
Property subtype
Multi-Family / Duplex
Lease Type
Net
Units
Unit Mix
2 x 2BR/2BA + loft
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
wood-burning stove
knotty pine paneling
vaulted ceilings
built-in dishwashers
gas ranges
wood cabinetry
natural gas hydronic heating
dual-pane windows
laundry hook-ups
washer and dryer in Unit A
gated driveway
front deck
second deck
In Unit
Double Pane, Metal Frame
Pitched, Composition
Wood Frame
Building Details
Year Built
1992
Listing Agency:
Chase International - South Lake Tahoe
(530) 544-2121
Listed By:
Brent Johnson · License #01474921
(530) 544-2121
Source:
Compass
Added: Oct 30, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chase International - South Lake Tahoe
Investment Insights
Based on property information with market context.
Built in 1992, this 2,452-square-foot duplex offers two residential units on a level one-acre parcel in South Lake Tahoe. Each unit includes two bedrooms, two full bathrooms, and a third-story loft that adds flexible living or workspace. Vaulted ceilings, knotty pine finishes, wood cabinetry, and front-deck access create a distinctive mountain-home character.
Both kitchens include built-in dishwashers, gas ranges, and laundry hookups. Natural-gas hydronic heating and dual-pane windows provide modern building features, while Unit A includes a washer and dryer. Unit B adds a wood-burning stove, a second living room, a side bunk area, and another deck. A gated driveway provides parking for multiple vehicles, boats, or recreational vehicles. The property is near shopping centers, public transportation, and Lake Tahoe.
Both kitchens include built-in dishwashers, gas ranges, and laundry hookups. Natural-gas hydronic heating and dual-pane windows provide modern building features, while Unit A includes a washer and dryer. Unit B adds a wood-burning stove, a second living room, a side bunk area, and another deck. A gated driveway provides parking for multiple vehicles, boats, or recreational vehicles. The property is near shopping centers, public transportation, and Lake Tahoe.
Key Highlights
- 2,452 SF duplex on a level one‑acre lot
- Each unit has 2 bedrooms, 2 full bathrooms, and a third‑story loft
- Unit B includes a wood‑burning stove, second living room, bunk area, and second deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$814,980
$815.0K
Cap Rate 7%
$582,129
$582.1K
Cap Rate 9%
$452,767
$452.8K
Market Conditions
NOI Build-Up for 2,452 SF
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.
Gross rent
$61.8K $25.20/SF
− Vacancy
−$3.6K −$1.46/SF
EGI
$58.2K $23.74/SF
− OpEx
−$17.5K −$7.12/SF
NOI
$40.7K $16.62/SF
Area
El Dorado County, CA
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$814,980
Cap Rate 7%
$582,129
Cap Rate 9%
$452,767
Alternative Uses
Best Use
Multifamily LT 5
$582.1K
$509.4K – $679.2K
NOI $40,749 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$521.0K
$455.9K – $607.8K
NOI $36,470 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$876.6K
$767.1K – $1.02M
NOI $61,364 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 96150, CA
29,518
Population
23,472
Households
1.3
Avg Household Size
40
Median Age
39%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
181
Density / Sq Mi
$83,738
Median Household Income
$45,582
Median Earnings
$1,497
Median Rent
$649,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Rustic duplex with separate lofts, decks, laundry hookups, and gated vehicle 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 $849,000.
What are key features of this property?
This property features: 2,452 SF duplex on a level one‑acre lot; Each unit has 2 bedrooms, 2 full bathrooms, and a third‑story loft; Unit B includes a wood‑burning stove, second living room, bunk area, and second deck
