4085 Manzanita Avenue South Lake Tahoe, CA 96150
MULTI_FAMILY - South Lake Tahoe, CA
Property size:
2,552 SFLot size:
0.16 AcresPrice / SF:
$587/SF- Added:
- Apr 11, 2026
- Days on Market:
- 26
- Last Refresh:
- May 6 at 9:06 pm
Property Features for 4085 Manzanita Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Window features
- Double Pane Windows, Vinyl Frames
- Interior features
- High Speed Internet
- Standard status
- Active
- APN
- 029041021000
- Size
- 2,552 SF
- Lot size
- 0.16 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Forced Air, Space Heater
- Water source
- Well
Building Details
- Year built
- 1952
- Building materials
- Wood Frame, Wood Siding, Rock
- Roof type
- Composition
Listing agent Mark Salmon License #01485376 (310) 230-5478
Listing office Compass 2028 Lake Tahoe Blvd., San Francisco, CA (530) 645-2777
Listing date Apr 11, 2026
MLS# 142714
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.
HighLights
- Prime location: Blocks from Lake Tahoe, Heavenly Village, and the Gondola, ensuring high rental demand year‑round.
- Strong Income Potential: Averaging $150K in gross annual rental income over the past three years, with a cap rate approaching 6%.
- Recent Capital Improvements: New roof, driveway, electrical panel, foundation work, and exterior paint completed since 2020.
- Four Independent Rental Units: A cottage plus a triplex provides diverse income streams and owner flexibility.
- Lakeside Beach Club Membership: Transferable membership included, adding lifestyle value for owners and guests.
- TRPA Site Assessment Completed: Verifies land capability and coverage, providing due diligence benefits.
Overview
South Lake Tahoe Income Property
This South Lake Tahoe income property features four rentable units and is situated blocks from Lake Tahoe, Heavenly Village, and the Gondola. The property is located within the Tourist Core Area Plan (TCAP). It includes a cottage and a triplex, providing four independent income streams. The property has averaged around $150,000 in gross rental income annually over the past three years. Capital improvements since 2020 include a new roof, full driveway replacement, electrical panel upgrade, foundation work, and exterior paint. A reliable maintenance team is in place. A TRPA full site assessment has been completed to help verify land capability and coverage. The property also enjoys additional privacy thanks to a neighboring California Tahoe Conservancy lot to the right. The purchase includes a transferable Lakeside Beach Club membership. The property's documented income history and professional management setup make it a compelling candidate for Real Estate Professional Status (REPS). The property size is 2552 square feet and the lot size is 0.161 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Longitude
- -119.946266
- Latitude
- 38.958492
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Four rentable units near Lake Tahoe and Heavenly Village.
Where is this triplex located?
The property is located at 4085 Manzanita Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime location: Blocks from Lake Tahoe, Heavenly Village, and the Gondola, ensuring high rental demand year‑round.; Strong Income Potential: Averaging $150K in gross annual rental income over the past three years, with a cap rate approaching 6%.; Recent Capital Improvements: New roof, driveway, electrical panel, foundation work, and exterior paint completed since 2020.
