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$ 750,000
Est. payment /mo
Open Fri 3PM-5PM
705 Eloise Avenue South Lake Tahoe, CA 96150
3 Beds
1,396 SqFt
Open House
Fri Aug 14, 3:00pm - 5:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,396 sqft
Price per Sqft $537
Subdivision Tahoe Island Park
MLS Listing ID 142568
Bedrooms 3
Year Built 1957
Lot Size 0.540 Acres
Acres 0.54
Property Sub-Type Duplex
Property Description
This South Lake Tahoe duplex with two separate cabins on one parcel offers a rare combination of rental income, development potential, and flexible living options in a highly desirable, walkable neighborhood near the beaches and public transportation.The front cabin, a 1 bedroom / 1 bathroom, has a long-term tenant in place for 12 years, providing immediate rental income. Tucked behind it, the fully renovated 2 bedroom / 2 bathroom cabin offers modern comfort and privacy, along with a covered workshop/porch areaperfect for storage, hobbies, or gear for Tahoe adventures.The property features ample off-street parking and is zoned for up to two additional units, creating exceptional upside for future development or expansion. A TRPA Land Use Verification is on file, confirming 3,228 square feet of remaining coverage, offering significant flexibility for building additional cabins or a primary residence.A previously existing well is currently inoperable but may be resurrected and used again, offering potential utility savings for future improvements (buyer to verify feasibility with appropriate agencies).Located in a walkable South Lake Tahoe neighborhood close to beaches, trails, and bus lines, this property is ideal for tenants, owner-occupants, or investors seeking a multi-unit income property with future build potential. Whether you're looking to live in one cabin, rent the others, and build your dream Tahoe home, or expand your rental portfolio, this is a rare opportunity to secure cash flow today with long-term upside tomorrow.
Location
State CA
County El Dorado
Area Tahoe Island Drive
Zoning Multi-Family
Interior
Heating Forced Air, Natural Gas
Cooling Forced Air, Natural Gas
Laundry In Unit
Exterior
Exterior Feature Storage Shed, Patio/Balcony
Utilities Available NaturalGasAvailable, Cable TV, Telephone, Water Meter
Roof Type Pitched,Composition
Building
Story One Story
Foundation Concrete/Crawl Space, Basement/Unfinished
Water Natural Gas
Others
Ownership Fee Simple
Listed by Sierra Sotheby's International Realty
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