# 705 Eloise Avenue, South Lake Tahoe, CA 96150

> **TL;DR:** residential multi family, $750,000 ($537/sqft), built 1957, 1,396 sqft. Est. $3,250/mo. Listed 35 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $750,000 |
| Price/sqft | $537 |
| Square Feet | 1,396 |
| Year Built | 1957 |
| Lot Size | 23,522 sqft (0.54 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 35 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,250 |
| **Total** | **$3,250** |

## Property Highlights

- Built in 1957
- 0.54 acre lot

## Description

### Agent Description
This South Lake Tahoe duplex with two separate cabins on one parcel offers a rare combination of rental income, development potential, and flexible living options in a highly desirable, walkable neighborhood near the beaches and public transportation.The front cabin, a 1 bedroom / 1 bathroom, has a long-term tenant in place for 12 years, providing immediate rental income. Tucked behind it, the fully renovated 2 bedroom / 2 bathroom cabin offers modern comfort and privacy, along with a covered workshop/porch areaperfect for storage, hobbies, or gear for Tahoe adventures.The property features ample off-street parking and is zoned for up to two additional units, creating exceptional upside for future development or expansion. A TRPA Land Use Verification is on file, confirming 3,228 square feet of remaining coverage, offering significant flexibility for building additional cabins or a primary residence.A previously existing well is currently inoperable but may be resurrected and used again, offering potential utility savings for future improvements (buyer to verify feasibility with appropriate agencies).Located in a walkable South Lake Tahoe neighborhood close to beaches, trails, and bus lines, this property is ideal for tenants, owner-occupants, or investors seeking a multi-unit income property with future build potential. Whether you're looking to live in one cabin, rent the others, and build your dream Tahoe home, or expand your rental portfolio, this is a rare opportunity to secure cash flow today with long-term upside tomorrow.

## Location

- **Address:** 705 Eloise Avenue, South Lake Tahoe, CA 96150
- **County:** El Dorado
- **Coordinates:** 38.921761, -120.0135
- **Google Maps:** https://www.google.com/maps?q=38.921761,-120.0135

## Listing Agent

- **Name:** Karen Grant
- **Brokerage:** Realty World Lake Tahoe
- **Phone:** (530) 544-5395
- **Email:** MikePhillips530@gmail.com

## Primary Photo

![705 Eloise Avenue - Primary Photo](http://lh.rdcpix.com/cb221c2dd62dd3bbcca800219e410a39l-f2050792039r.jpg)

*35 total photos available on [listing page](https://www.propertysimple.com/listing/705-eloise-avenue-south-lake-tahoe-ca-96150-a142568)*

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**MLS#:** 142568 | **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/705-eloise-avenue-south-lake-tahoe-ca-96150-a142568)

---

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