Updated Duplex with Private
3338 Treehaven Drive South Lake Tahoe, CA 96150
3338 Treehaven Drive, South Lake Tahoe, CA, 96150
$730,000
For Sale
$730,000
MULTI_FAMILY - South Lake Tahoe, CA
Property Size1,792 SF
Lot Size0.14 Acres
Price / SF$407.37
Days on Market330
Property Features for 3338 Treehaven Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Parking
- 4
- Window features
- Single Pane Window(s)
- Standard status
- Active
- APN
- 027364006000
- Size
- 1,792 SF
- Lot size
- 0.14 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1976
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Composition
Listing Agency
Compass
(530) 645-2777
2028 Lake Tahoe Blvd., San Francisco, CA
Listed by
Michelle Keck
(310) 230-5478
Added: Aug 21, 2025 Checked: Jul 16 at 3:06 pm
MLS# 142099
Listing URL
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.
Investment Insights
Based on property information with market context.
This updated duplex at 3338 Treehaven Drive features two separate 2-bedroom, 1-bath units. Both interiors have been refreshed with new interior paint, laminate flooring, updated lighting fixtures, smoke and carbon monoxide detectors, and upgraded kitchen cabinetry and countertops, along with new appliances. Each unit includes one side of the carport and access to a shared laundry room with a new washer and dryer. Outdoors, each unit has a private fenced backyard for added separation and usable space. An elevated deck above the carport has been resurfaced with a durable waterproof coating, providing an additional spot for outdoor entertaining.
The property is located in the heart of South Lake Tahoe and is described as about three blocks from the shores of Lake Tahoe. It is also near a new recreation center, restaurants, bike trails, public transportation, shopping, and everyday conveniences. The remarks note walkability to MacDuff’s Pub, Elements Eatery, and Bijou Park, as well as nearby grocery stores and Lake Tahoe Community College.
With two matching floorplans and shared amenities, the duplex supports straightforward rental operations while also fitting an owner-occupant scenario where one side can be lived in and the other can be rented. The carport is also described as convertible to a 2-car garage, offering potential flexibility for future use. Zoning is Multi-Family.
The property is located in the heart of South Lake Tahoe and is described as about three blocks from the shores of Lake Tahoe. It is also near a new recreation center, restaurants, bike trails, public transportation, shopping, and everyday conveniences. The remarks note walkability to MacDuff’s Pub, Elements Eatery, and Bijou Park, as well as nearby grocery stores and Lake Tahoe Community College.
With two matching floorplans and shared amenities, the duplex supports straightforward rental operations while also fitting an owner-occupant scenario where one side can be lived in and the other can be rented. The carport is also described as convertible to a 2-car garage, offering potential flexibility for future use. Zoning is Multi-Family.
Key Highlights
- Prime location: Just three blocks from Lake Tahoe, near recreation, restaurants, shopping, and transportation.
- Updated units: Both units feature new paint, flooring, lighting, kitchen upgrades, and appliances.
- Private outdoor space: Each unit has a private fenced backyard.
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 | $45.2k | $25.20 |
| − Vacancy | −$2.6k | −$1.46 |
| EGI | $42.5k | $23.74 |
| − OpEx | −$12.8k | −$7.12 |
| NOI | $29.8k | $16.62 |
1,792 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.3K – $496.4K
NOI $29,781 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$380.8K
$333.2K – $444.2K
NOI $26,654 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$640.7K
$560.6K – $747.5K
NOI $44,847 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two refreshed units each with fenced outdoor space, shared laundry, and a deck above the carport in a central Tahoe setting.
Where is this duplex located?
The property is located at 3338 Treehaven Drive South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Prime location: Just three blocks from Lake Tahoe, near recreation, restaurants, shopping, and transportation.; Updated units: Both units feature new paint, flooring, lighting, kitchen upgrades, and appliances.; Private outdoor space: Each unit has a private fenced backyard.
