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$ 660,000
Est. payment /mo
Active
920 Lapham Drive South Lake Tahoe, CA 96150
2 Beds
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Tallac Park
MLS Listing ID 143413
Bedrooms 2
Year Built 1961
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Duplex
Property Description
Charming South Lake Tahoe Duplex Ideal Investment or Owner-Occupant OpportunityCharming, well-maintained, and centrally located, this South Lake Tahoe duplex offers an excellent opportunity for both investors and owner-occupants. Conveniently situated near bike trails, shopping, dining, public transportation, and Lake Tahoe's beloved beaches, the property combines everyday convenience with easy access to the recreation and lifestyle that make Tahoe such a desirable place to live.Unit #1 Each unit features 1 bedroom and 1 bathroom, along with an EPA-compliant woodstove that provides additional warmth and cozy mountain ambiance during the winter months. A freshly painted exterior and well-maintained grounds create an inviting first impression, while each residence enjoys its own private backyardperfect for outdoor relaxation, gardening, pets, or entertaining. A spacious parking area and flat topography provide easy, year-round access. This tenant occupied unit has been well maintained.Unit #2 has been thoughtfully remodeled and features fresh interior paint, luxury vinyl plank flooring, and a fully renovated bathroom. The updated kitchen includes quartz countertops, new cabinetry, and new appliances, creating a clean, modern, move-in-ready space.Beyond its recent improvements and desirable location, this property offers an attractive alternative to the complexities of South Lake Tahoe's short-term vacation rental market. With limited availability for new vacation home rental permits within the city, a duplex provides the flexibility to generate income through traditional long-term rental use without relying on seasonal vacation-rental demand.For an owner-occupant, the opportunity is especially compelling: live in one unit while renting the other and use the monthly rental income to help offset your mortgage and ownership costs. Each household can maintain its own private living space and backyard, and separate utilities help keep expenses straightforward.For an investor, two individual units provide diversified rental income from a single property while avoiding many of the additional management demands, turnover costs, seasonal fluctuations, and regulatory considerations associated with short-term rentals.Whether you're looking for a Tahoe home with built-in income potential, a long-term investment property, or a flexible combination of the two, this centrally located duplex offers a rare opportunity to own an income-producing property while enjoying everything South Lake Tahoe has to offer.
Location
State CA
County El Dorado
Area Tahoe Island Drive
Zoning Multi-Family
Interior
Heating Wall or Space Heater, Wood, Fireplace
Cooling Wall or Space Heater, Wood, Fireplace
Laundry In Unit
Exterior
Exterior Feature Storage Shed
Utilities Available NaturalGasAvailable, Cable TV, Telephone, Water-Flat Rate
Roof Type Composition,Shingle
Building
Story One Story
Foundation Concrete/Crawl Space
Water Natural Gas
Others
Ownership Fee Simple
Listed by Chase International - South Lake Tahoe
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Brandie Griffith
Broker Associate License ID: CA#01961472 NV# BS.0145628
+1(775) 901-2751 | brandie@brandiegriffith.com