Two-Bedroom Duplex with Two
838 San Francisco Avenue South Lake Tahoe, CA 96150
838 San Francisco Avenue, South Lake Tahoe, CA, 96150
$685,000
For Sale
$685,000
MULTI_FAMILY - South Lake Tahoe, CA
Property Size1,296 SF
Lot Size0.14 Acres
Price / SF$528.55
Days on Market15
Property Features for 838 San Francisco Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Window features
- Single Pane Window(s), Double Pane Windows
- Exterior features
- Storage Shed
- Standard status
- Active
- APN
- 026102009000
- Size
- 1,296 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Natural Gas, Space Heater
Building Details
- Year built
- 1974
- Building materials
- Wood Frame
- Roof type
- Composition
- Additional Structures
- Storage
Listing Agency
Realty World Lake Tahoe
(530) 544-5395
949 Tahoe Keys Blvd., South Lake Tahoe, CA
Listed by
Jarred Uppendahl
(530) 544-5395
Added: Jul 3 Checked: Jul 17 at 12:06 am
MLS# 143150
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.
838 San Francisco Avenue is a duplex configured as two separate two-bedroom, one-bath cabins. Each cabin provides its own private living setup, supporting flexible use for owners who want one unit for personal use and another for rental. The property is sized at 1,296 square feet on a 0.14-acre lot.
The address is located about five blocks from the shores of Lake Tahoe, placing it within a short distance of local restaurants, cafes, and neighborhood destinations.
For buyers, this layout can fit multiple scenarios, including full-time residency, a second-home with an income-producing unit, or an owner-investor strategy using the two independent cabins. The low-maintenance character referenced in the remarks may also appeal to users who want an easier day-to-day ownership experience while keeping the benefits of an income-producing configuration. Overall, the property’s duplex setup and cabin style are centered on practical dual-use living close to the lake.
The address is located about five blocks from the shores of Lake Tahoe, placing it within a short distance of local restaurants, cafes, and neighborhood destinations.
For buyers, this layout can fit multiple scenarios, including full-time residency, a second-home with an income-producing unit, or an owner-investor strategy using the two independent cabins. The low-maintenance character referenced in the remarks may also appeal to users who want an easier day-to-day ownership experience while keeping the benefits of an income-producing configuration. Overall, the property’s duplex setup and cabin style are centered on practical dual-use living close to the lake.
Key Highlights
- Duplex with two separate 2‑bedroom, 1‑bath cabins
- Five blocks from the shores of Lake Tahoe (838 San Francisco Avenue)
- Wood‑frame construction with composition roof
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 | $32.7k | $25.20 |
| − Vacancy | −$1.9k | −$1.46 |
| EGI | $30.8k | $23.74 |
| − OpEx | −$9.2k | −$7.12 |
| NOI | $21.5k | $16.62 |
1,296 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.7K
$269.2K – $359.0K
NOI $21,538 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$275.4K
$241.0K – $321.3K
NOI $19,276 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$463.3K
$405.4K – $540.6K
NOI $32,434 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tuff Eagle
Golf Course
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FAQs
What type of property is this?
Duplex - A duplex with two separate two-bedroom, one-bath cabins, offering flexible living and rental options near Lake Tahoe.
Where is this duplex located?
The property is located at 838 San Francisco Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Duplex with two separate 2‑bedroom, 1‑bath cabins; Five blocks from the shores of Lake Tahoe (838 San Francisco Avenue); Wood‑frame construction with composition roof
