Investor Opportunity in South Lake Tahoe!Unlock the potential of this rare 5-unit multi-family complex, ideally situated on a spacious 17,860 sq ft flat lot in the heart of South Lake Tahoe. Whether you're an experienced investor or looking to expand your portfolio, this property offers a unique opportunity to generate steady rental income in one of the most desirable mountain communities in California.Primary us is multi-family 4+ units per the City of South Lake Tahoe, this property invites your vision for renovation, redevelopment, or long-term income. With ample space for upgrades, landscaping, or potential expansion (buyer to verify), the possibilities are vast.Located just minutes from Camp Richardson, Pope Beach, restaurants, and shops at the Y, this location is highly attractive to year-round renters and vacationers alike.Don't miss out on this exceptional investment in a high-demand areaopportunities like this are rare!
For sale
Price cut: $40K (8/10)
$485,000
1136 Bonanza Ave, South Lake Tahoe, CA 96150
7beds
5baths
2,216sqft
Est.:
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$219/sqft
$-- HOA
What's special
- 58 days
- on Zillow |
- 1,585 |
- 113 |
Zillow last checked: 7 hours ago
Listing updated: August 09, 2025 at 02:15pm
Listed by:
Alora C Reynolds 530-444-0710 areynolds@chaseinternational.com,
Chase International - South La
Source: STAOR,MLS#: 141663
Originating MLS: South Tahoe Association of Realtors

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Natural Gas, Wall or Space Heater, Separate Heat/Cool
Appliances
- Included: Sep. Water Heater, Gas Water Heater
Features
- 1st Unit: 2 Beds - 1 Bath, 2nd Unit: Studio with 1 Bath, 3rd Unit: Studio with 1 Bath, 4th Unit: 1 Bed - 1 Bath, 5th Unit: 2 Beds - 1 Bath
- Windows: Single Pane
- Basement: Concrete/Crawl Space,Unfinished
Interior area
- Total structure area: 2,216
- Total interior livable area: 2,216 sqft
Property
Parking
- Total spaces: 5
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.41 Acres
Details
- Additional structures: Storage Shed
- Parcel number: 032142007000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1955
Utilities & green energy
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Subdivision: W D Barton
Location
- Region: South Lake Tahoe
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $130,148
- Annual tax amount: $1,548
- Date on market: 5/23/2025
- Date available: 01/01/1800
- Total actual rent: 0
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