1037 Pine Grove Avenue South Lake Tahoe CA 96150 MLS #141879

Sitting in the heart of South Lake Tahoe, 1037 Pine Grove Ave is a charming and updated four-plex that blends investment potential with mountain-town appeal. Located just minutes from Stateline and the lake, this property sits in a sunny spot flanked by conservancy lots, offering both privacy and natural light.Each of the four units is a studio apartment, thoughtfully remodeled with laminate flooring, ceramic tile bathrooms, and modern appliances. The upgrades make the units attractive to tenants, and all are currently rentedan encouraging sign for consistent cash flow. Rents are currently around $1300/$1350 per unit, with room for increases based on market trends.The property includes a common laundry room, and features ample parking, a fully fenced lot, and low-maintenance landscapingideal for out-of-town investors. Tenants handle their own electric bill, further reducing operating costs.With a gross annual income of approximately $67,200, this four-plex offers a solid cap rate, especially considering its central location and minimal upkeep requirements. It’s a rare find in a high-demand area where vacancies don’t last long.