Two-Unit Duplex
For Sale
$719,900
2400 Tahoe Vista Drive, South Lake Tahoe, CA 96150
Multi-Family, South Lake Tahoe, CA
Property Size1,536 SF
Lot Size0.15 Acres
Price / SF$468.68
Days on Market166
Property Features for 2400 Tahoe Vista Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Parking
4
Window features
Double Pane Windows
Fireplace
1
Directions
From Emerald Bay Rd turn on 12th St, turn right on Anita Dr, turn right on Tahoe Vista Dr.
Subdivision
Tahoe Island Drive
Standard status
Active
APN
023654013000
Size
1,536 SF
Lot size
0.15 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Fireplace(s), Space Heater
Building Details
Year built
1961
Building materials
Wood Frame, Wood Siding
Roof type
Composition
Listing Agency:
Sierra Sotheby's International Realty
(530) 494-7600
Listed By:
Jessica Woods
(530) 412-2645
Added: May 10
Changed: Oct 17
Last Checked: Oct 22 at 5:06AM
MLS# 142874
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,536 square feet across two residential units. Each unit offers two bedrooms, one bathroom, an attached garage, and a fenced private yard. The 1961 property has wood-frame construction with wood siding, a composition roof, and heating that includes natural gas, space heaters, and fireplaces. Cable is available.
The property occupies 0.15 acres in South Lake Tahoe, with access to nearby bike paths, Camp Richardson Resort, South Shore beaches, mountain biking, and ski resorts. Multi-Family zoning supports the property's duplex configuration and residential income use.
The property occupies 0.15 acres in South Lake Tahoe, with access to nearby bike paths, Camp Richardson Resort, South Shore beaches, mountain biking, and ski resorts. Multi-Family zoning supports the property's duplex configuration and residential income use.
Key Highlights
- Two‑unit duplex with 1,536 square feet of total property size
- Each unit includes 2 bedrooms and 1 bathroom
- Attached garage and fenced private yard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,526
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Multi-family zoning supports a residential income property with separate living spaces and private outdoor areas.
Where is this duplex located?
The property is located at 2400 Tahoe Vista Drive 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 with 1,536 square feet of total property size; Each unit includes 2 bedrooms and 1 bathroom; Attached garage and fenced private yard for each unit
