1259 Bonanza Avenue, South Lake Tahoe, CA 96150
MULTI_FAMILY - South Lake Tahoe, CA
- Added:
- Jun 19, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 20 at 11:06 am
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 built in 1992 on a level 1‑acre lot in South Lake Tahoe
- Each unit has 2 bedrooms, 2 bathrooms, plus a spacious loft area for flexible living
- One unit’s loft includes a second living space with a wood‑burning stove, bunk bed area, and private deck access
- Natural gas baseboard and hydronic heating, plus dual‑pane windows; high‑speed internet and cable available
- Wood‑frame construction with a composition roof; vaulted ceilings and knotty pine paneling
- Gated driveway with ample parking for multiple vehicles, boats, or recreational gear
Overview
Inside, the living areas feature vaulted ceilings and knotty pine paneling for an authentic Tahoe-cabin feel. Both kitchens include gas ranges, built-in dishwashers, and wood cabinetry. Practical improvements include natural gas hydronic heating, dual-pane windows, and laundry hook-ups in each unit, with a washer and dryer included in one unit.
The property is accessed through a gated driveway with ample parking for multiple vehicles, boats, or recreational gear. The expansive lot provides privacy while still offering easy access to shopping, transportation, outdoor recreation, and the lake. This configuration can support a range of uses, including living in one unit while renting the other, multi-generational living, or a work-from-Tahoe lifestyle with separate living spaces. An adjacent vacant parcel at 1258 Emerald Bay Road is also available for purchase, which could expand the holding to approximately two acres.
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
