920 Lapham Drive, South Lake Tahoe, CA 96150
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920 Lapham Drive, South Lake Tahoe, CA 96150
920 Lapham Drive, South Lake Tahoe, CA 96150
920 Lapham Drive, South Lake Tahoe, CA 96150
920 Lapham Drive, South Lake Tahoe, CA 96150
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Alan Canas

Alan Canas

+1(415) 298-8940
$ 625,000
Est. payment /mo
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Price Dropped by $14K

920 Lapham Drive South Lake Tahoe, CA 96150

2 Beds

1,350 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,350 sqft

Price per Sqft $462

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

South Tahoe MLS (STAR)
Listed by Chase International - South Lake Tahoe

NEARBY SCHOOLS & PROPERTIES

Alan Canas

Alan Canas

PRIVATE OFFICE ADVISOR & LICENSED PARTNER | Realtor® CA DRE 01793936NV DRE S.0205600

+1(415) 298-8940

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920 Lapham Drive