$702,000
SOLD MAR 11, 2025

1246 Lester St Unit 1 & 2 South Lake Tahoe, CA 96150

4 Beds
2 Baths
1,848 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$380 Per Sq Ft

84 Days on Market

Highlights

  • Fireplace
  • Patio
  • 1-Story Property
  • Double Pane Windows
  • Shed

About This Home

As of March 2025

Nestled in the scenic beauty of South Lake Tahoe, this charming duplex investment opportunity offers a great occasion for owner-occupants and investors alike. The duplex features two separate units with Unit #1 rented to a reliable tenant with Unit #2 soon to be vacant and available for possible occupancy for the discerning buyer. This well-maintained, single-story duplex offers 2-bedroons and 1-bathroom in each unit, spacious living areas with updated kitchens and flooring, modern appliances, and cozy living rooms with built-in fireplaces perfect for the cold winter nights. The generous backyard area opens up to an incredible view of the entire Bijou Meadows conservancy area with the hiking and biking trail a 1/2 block away. Each unit has a carport with additional parking. Located just minutes from Lake Tahoe, shopping, dining, and entertainment. This property is perfect for those who want to experience everything the area has to offer.

Last Agent to Sell the Property

Paul Ellbogen

Chase International License #02060880 Listed on: 11/12/2024

Chase International

Last Buyer's Agent

Kimberly Moore

eXp Realty of California License #01366299

eXp Realty of California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,251

Year Built

  • Built in 1964

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Wood Frame Construction
  • Pitched Roof

Interior Spaces

  • 4 Bedrooms
  • 1,848 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Double Pane Windows
  • Crawl Space
  • Laundry in unit

Outdoor Features

  • Patio
  • Shed

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 025382006000

Community Details

Overview

  • 2 Units
  • Nagy Subdivision

Building Details

  • Operating Expense $9,923
  • Gross Income $28,800
  • Net Operating Income $26,077

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,251

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Duplex
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Year Built: 1964
  • Miscellaneous: Sep. Water Heater, Separate Heat/Cool
  • Directions: Glenwood to Lewis St. Left on Lester.
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Nagy
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Windows: Double Pane, Metal Frame
  • Bedrooms: 4
  • Laundry: In Unit
  • Price Per Square Foot: 379.87
  • Square Footage: 1848.00
  • Number Of Stories: One Story

Exterior Features

  • Construction: Wood Frame
  • Foundation: Concrete/Crawl Space
  • Roof: See Remarks, Pitched
  • Exterior Features: Storage Shed, Patio/Balcony

Garage/Parking

  • Number Parking Spaces: 4.00

Utilities

  • Heating/Cooling: Natural Gas, Wall or Space Heater, Fireplace
  • Utilities: NaturalGasAvailable, City Water, City Sewer
  • Water Heater: Natural Gas

Association/Amenities

  • Entry Level Unit: 1 & 2

Lot Info

  • Acres: 0.1400
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 6098.00
  • Price Per Acre: 5014285.71
  • Zoning: Multi-Family

Rental Info

  • Effective Rental Income: 36000.00
  • Rental Agrmton File: Yes
  • Rnt Scheduleon File: Yes

Tax Info

  • Assessor Parcel Number: 025382006000
  • Taxes: 3251.00

Multi Family

  • Total Units: 2
  • First Unit Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Additional Assessor Parcel Numbers: 1100.00
  • Unit 2 Bedrooms Bathrooms: 2 Beds - 1 Bath

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2025 03/11/25 Sold $702,000 +0.4% $380 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
11/12/2024 11/12/24 For Sale $699,000 -- $378 / Sq Ft
Source: South Tahoe Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 140972

South Tahoe Association of REALTORS®