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Bonanza Avenue

South Lake Tahoe, CA 96150
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SqFt41,382

Sqft(Lot)

Colliers is pleased to present 1133 Bonanza Avenue, a rare opportunity to purchase a meticulously maintained and remodeled 8-unit apartment complex in the world-renowned town of South Lake Tahoe. The is an ideal opportunity for work force housing as the Casino's and Heavenly resorts are a key driver for employment in town. This unique investment sits on one large parcel totaling .95 Acres. The subject property comes with all studio units that have been completely remodeled throughout. Remodel includes exposed beam ceilings, new cabinets and countertops, new flooring throughout, new bathroom vanities and shower/tub surrounds. Many of the heaters and hot water heaters have been either replaced or updated. Dual pane windows were replaced throughout the entire property and sewer line was repla ced in 2017-2018 as well. The property is zoned High Density Residential (HDR) and allows for 14 units total. 6 additional developable units allowed on-site (Confirm with City).

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,295,000

AD Id : 53404853

MLS Id : 223111806

Lot Size : 41,382 Sqft(Lot)

County : El Dorado

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Emerald Bay Road, South Lake Tahoe, CA, 96150 $495,000 -- -- -- Acres (Lot)--
Arapahoe Street, South Lake Tahoe, CA, 96150 $249,000 -- -- -- 22,215.60 Sqft(Lot)
Sacramento Avenue, South Lake Tahoe, CA, 96150 $1,625,000 -- -- 4,835 Acres (Lot)--
Arapahoe Street, South Lake Tahoe, CA, 96150 $249,000 -- -- -- Acres (Lot)--
Emerald Bay Road, South Lake Tahoe, CA, 96150 $349,990 -- -- -- Acres (Lot)--
Us Highway 50, South Lake Tahoe, CA, 96150 $56,995 -- -- -- 7,405.20 Sqft(Lot)
Us Highway 50, South Lake Tahoe, CA, 96150 $200,000 -- -- -- Acres (Lot)--
Chris Avenue, South Lake Tahoe, CA, 96150 $130,000 -- -- -- Acres (Lot)--
Emerald Bay Road, South Lake Tahoe, CA, 96150 $699,990 -- -- -- 28,314 Sqft(Lot)
Us Highway 50, South Lake Tahoe, CA, 96150 $80,000 -- -- -- Acres (Lot)--

ByOwner last updated this listing 06/22/2026 @ 01:08

MLS: 223111806 LISTED BY: Matthew Sarro, Collier's International CA, Inc. SOURCE: MLS Metrolist

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