Updated Duplex with Private
3814 Paradise Avenue, South Lake Tahoe, CA 96150
For Sale
$990,000
Multi-Family, South Lake Tahoe, CA
Property Size1,986 SF
Lot Size0.14 Acres
Price / SF$498.49
Days on Market73
Property Features for 3814 Paradise Avenue
General Information
Property type
Property subtype
Zoning
Window features
Fireplace
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Utilities
Heating system
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
Chase International - South Lake Tahoe
Listed By:
Jill Moffett
(530) 544-2121
Added: Aug 28
Changed: Oct 24
Last Checked: Nov 8 at 2:06PM
MLS# 143479
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 1,986-square-foot duplex contains two 3-bedroom, 2-bathroom units, each with its own dedicated garage. Both residences have undergone extensive updates, including remodeled kitchens and bathrooms, new appliances and water heaters, replacement windows, new doors, LVF flooring, updated baseboards, fresh paint, and new window treatments. The property also features an exterior front-door overhang and composition roofing.
Built in 1959 on a 0.14-acre lot, the wood-frame building has wood siding, forced-air and natural-gas heating, fireplaces, and cable availability. Both units are currently occupied. The property is zoned Multi-Family in South Lake Tahoe, California.
Built in 1959 on a 0.14-acre lot, the wood-frame building has wood siding, forced-air and natural-gas heating, fireplaces, and cable availability. Both units are currently occupied. The property is zoned Multi-Family in South Lake Tahoe, California.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units
- 1,986 square feet on a 0.14‑acre lot
- Dedicated garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,005
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,100
$660.1K
Cap Rate 7%
$471,500
$471.5K
Cap Rate 9%
$366,722
$366.7K
Market Conditions
NOI Build-Up for 1,986 SF
Gross rent
$50.0K $25.20/SF
− Vacancy
−$2.9K −$1.46/SF
EGI
$47.1K $23.74/SF
− OpEx
−$14.1K −$7.12/SF
NOI
$33.0K $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%
$660,100
Cap Rate 7%
$471,500
Cap Rate 9%
$366,722
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,005 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$422.0K
$369.2K – $492.3K
NOI $29,539 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$710.0K
$621.3K – $828.4K
NOI $49,702 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
681
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
$649,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in South Lake Tahoe, CA
Properties on Market for Duplexes in South Lake Tahoe
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer a multi-family configuration with separate garages and extensive interior improvements.
Where is this duplex located?
The property is located at 3814 Paradise Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units; 1,986 square feet on a 0.14‑acre lot; Dedicated garage for each unit
