Two-Unit Duplex with
For Sale
$719,900
2400 Tahoe Vista Drive Unit A & B, South Lake Tahoe, CA 96150
Multi-family property with matching residential layouts, private outdoor areas, and attached garage access for both units.
Property Size1,536 SF
Price / SF$468.68
Days on Market137
Property Features for 2400 Tahoe Vista Drive Unit A & B
General Information
Standard status
Active
Size
1,536 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Duplex
Zoning
Multi-Family
Lease Type
Net
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private fenced yard
Other/See Remarks
Double Pane
Pitched, Composition
Wood Frame, Wood Siding
Building Details
Year Built
1961
Buildings
1
Listing Agency:
Sierra Sotheby's International Realty
Listed By:
Jessica A Woods · License #01941782
(530) 494-7600
Source:
Compass
Added: Apr 20
Changed: Sep 3
Last Checked: Sep 2 at 11:31PM
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 Sierra Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex contains two residential units, each arranged with 2 bedrooms and 1 bathroom. Both units include an attached garage and a private fenced yard. The 1961 building has a wood-frame structure, wood siding, pitched composition roofing, and double-pane windows. Multi-Family zoning supports the property’s duplex configuration.
Located in the Tahoe Island neighborhood of South Lake Tahoe, the property is near a bike path, Camp Richardson Resort, South Shore beaches, mountain biking, and ski resorts. The address is 2400 Tahoe Vista Drive, Unit A & B, South Lake Tahoe, CA 96150.
Located in the Tahoe Island neighborhood of South Lake Tahoe, the property is near a bike path, Camp Richardson Resort, South Shore beaches, mountain biking, and ski resorts. The address is 2400 Tahoe Vista Drive, Unit A & B, South Lake Tahoe, CA 96150.
Key Highlights
- Two‑unit duplex totaling 1,536 SF
- Each unit includes 2 bedrooms and 1 bathroom
- Attached garage provided for each unit
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
$25,526
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
3.55%
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%
$510,520
$510.5K
Cap Rate 7%
$364,657
$364.7K
Cap Rate 9%
$283,622
$283.6K
Market Conditions
NOI Build-Up for 1,536 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
$38.7K $25.20/SF
− Vacancy
−$2.2K −$1.46/SF
EGI
$36.5K $23.74/SF
− OpEx
−$10.9K −$7.12/SF
NOI
$25.5K $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%
$510,520
Cap Rate 7%
$364,657
Cap Rate 9%
$283,622
Alternative Uses
Best Use
Multifamily LT 5
$364.7K
$319.1K – $425.4K
NOI $25,526 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$326.4K
$285.6K – $380.8K
NOI $22,846 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$549.1K
$480.5K – $640.7K
NOI $38,440 @ 7.0% cap · market cap 5.34%
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
503
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 - Multi-family property with matching residential layouts, private outdoor areas, and attached garage access for both units.
Where is this duplex located?
The property is located at 2400 Tahoe Vista Drive Unit A & B South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,536 SF; Each unit includes 2 bedrooms and 1 bathroom; Attached garage provided for each unit
