Bonanza Avenue
South Lake Tahoe, CA 96150
41,382Sqft(Lot)
1 Acre parcel with 8 studio units that have been completely remodeled. Each unit is identical with the same floorplan and remodeled finishes you see in the photos. The current monthly income is exactly $9,758. Awesome little investment for the first time investor or someone looking to have a Ski and summer crash pad in South Lake Tahoe. The lots zoning and density allows for 14-units total which allows the next owner to build 6 more units and 2 ADU's. Build your dream cabin with an investment property included or build 6 townhomes and 2 ADU's to make this property a cash cow. These units are superior to a lot of the apartment rentals in South Lake Tahoe with updated showers and kitchens and beautiful exposed beam ceilings.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Emerald Bay Road, South Lake Tahoe, CA, 96150 | $699,990 | -- | -- | -- | 28,314 Sqft(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 | $495,000 | -- | -- | -- | Acres (Lot)-- |
| Us Highway 50, South Lake Tahoe, CA, 96150 | $80,000 | -- | -- | -- | Acres (Lot)-- |
Similar Land To Bonanza Avenue
Nearby For Sale
ByOwner last updated this listing 06/21/2026 @ 17:35
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