# 1029 Reno Avenue, South Lake Tahoe, CA 96150

> **TL;DR:** residential multi family, $995,000 ($415/sqft), built 1964, 2,400 sqft. Est. $4,312/mo. Listed 162 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $995,000 |
| Price/sqft | $415 |
| Square Feet | 2,400 |
| Year Built | 1964 |
| Lot Size | 15,002 sqft (0.34 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 162 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,312 |
| **Total** | **$4,312** |

## Property Highlights

- Built in 1964
- 0.34 acre lot
- 10 parking spaces

## Description

### Agent Description
Centrally located just minutes from Lake Tahoe and Heavenly Valley ski resort, 1029-1035 Reno Avenue is a rare, turn-key seven unit offering on three separate parcels. This income producing portfolio consists of two duplexes and one triplex, giving investors a flexible mix of one bedroom and studio units in a consistently high demand rental corridor. Five of the seven units have been tastefully remodeled from the floors up, featuring new flooring, updated countertops and cabinets, fresh interior paint, new heaters in most units and upgraded windows for comfort and efficiency. The properties present as clean, modern, and easy to rent, minimizing near-term capital needs while appealing to quality tenants. Sitting on three individually mapped parcels, this asset offers long term exit and redevelopment options: hold as a cash flowing seven unit compound today, and down the road explore selling parcels separately or repositioning with new construction (subject to city and TRPA approvals). The in-town location allows residents close access to beaches, marinas, bike paths, restaurants and Stateline, making these units especially attractive to year round and seasonal renters alike.

## Location

- **Address:** 1029 Reno Avenue, South Lake Tahoe, CA 96150
- **County:** El Dorado
- **Coordinates:** 38.925746, -119.983928
- **Google Maps:** https://www.google.com/maps?q=38.925746,-119.983928

## Listing Agent

- **Name:** Lloyd Aronoff
- **Brokerage:** RE/MAX Gold - SLT
- **Phone:** (530) 541-0200
- **Email:** mark@tahoeremax.com

## Primary Photo

![1029 Reno Avenue - Primary Photo](http://lh.rdcpix.com/08c84607c1e561afb720c004621344a6l-f416661291r.jpg)

*33 total photos available on [listing page](https://www.propertysimple.com/listing/1029-reno-avenue-south-lake-tahoe-ca-96150-a142293)*

---

**MLS#:** 142293 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1029-reno-avenue-south-lake-tahoe-ca-96150-a142293)

---

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