1259 Bonanza Avenue, South Lake Tahoe, CA 96150
MULTI_FAMILY - South Lake Tahoe, CA
- Added:
- Jun 19, 2026
- Days on Market:
- 20
- Last Refresh:
- Jul 8 at 10:06 pm
Property Features for 1259 Bonanza Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- 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 agent Brent Johnson License #01474921 (530) 544-2121
Listing office Chase International - South Lake Tahoe 989 Tahoe Keys Blvd., CA (530) 544-2121
Listing date Jun 19, 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.
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
- Natural gas hydronic heating and dual‑pane windows; both units include gas ranges and built‑in dishwashers
- Gated driveway with ample parking for multiple vehicles, boats, or recreational gear
- Cable available; high‑speed internet access; laundry hook‑ups in each unit (washer and dryer included in one unit)
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Longitude
- -120.000819
- Latitude
- 38.904488
