1133 Bonanza Avenue, South Lake Tahoe, CA
$ 1,395,000
Property Attributes
  • ID#223111806
  • TypeIncome
  • CountyEL DORADO
  • CitySouth Lake Tahoe
  • Area13301
  • Zip96150
  • Style5 or More Units
  • Price$ 1,395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.95 Acres
Data Source:
MetroList MLS
Property Description

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 replaced 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).

Price History
11/21/2023 Listed $1,395,000

General Features

Appliances Varies By Unit
Association Y/N No
Carport Spaces 0.0
City South Lake Tahoe
Close Price 0.0
Construction Materials Brick, Redwood Siding
Cooling Wall Unit(s)
County El Dorado
Directions Take ramp onto US-50 E. Take the 2nd exit from roundabout onto Emerald Bay Rd (US-50 N). Turn left onto D St. Turn right onto Bonanza Ave.
Elementary School District Lake Tahoe Unified
Garage Spaces 0.0
Heating Wall Furnace
High School District Lake Tahoe Unified
Lot Size Square Feet 41382.0
MLS Area 13301
Middle/Junior School District Lake Tahoe Unified
Open Parking Spaces 0.0
Property SubType 5 or More Units
Property Type ResidentialIncome
Sewer Public Sewer
Standard Status Active
Status Active
Stories 1
Street Name Bonanza
Total Units 8
Unit 1 Rent 1210
Utilities Natural Gas Connected, Electric
Year Built 1955
Year Built Source Owner
Zoning Description HDR

Interior Features

Flooring Laminate, Vinyl, Wood, Varies by Unit
Laundry Features Other
Street Suffix Avenue
Total Stories 1
Unit 1 Full Baths 1
Unittypestudiounitstotal 8

Exterior Features

Covered Spaces 0.0
Foundation Details Concrete
Lot Features Other
Lot Size Acres 0.95
Lot Size Source Not Verified
Number of Buildings 1
Parking Features Off Street, Other
Total Parking 24.0
Water Source Meter on Site, Other


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 96150

AVG $1.55M
AVG 62
Data Provided by Inside Real Estate®
Year Built
AVG 1958
AVG 50
Data Provided by Walkscore® not using MLS data

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