Check out Video: https://listings.mousepadreno.com/videos/0190a268-73f2-7332-ba78-97d0d3b9e769Short Term Tourist Rental/ VHR 7 unit Investment opportunity in the heart of downtown South Lake Tahoe’s Tourist Core Zone; Heavenly Ski Gondola, Heavenly Village, shopping, movie theatre, ice skating, casinos, the beach, and the new Convention and Event Center, are all within walking distance. Perfectly located at the end of a quiet Cul-De-Sac on the lakeside of HWY 50, without thru-traffic, and adjacent to open+ scenic space. Currently operating with seven units, all equipped for self-catering, one unit is a three bedroom apartment with full kitchen and dining area plus living room- could be used as owner’s quarters or stay as profitable rental, two units are 1-bedrooms with living room, and 4 units are studios with kitchenettes. All units are newly and beautifully furnished throughout and with upgrades done in 2022. There is an additional large laundry/ storage/ workshop area that could be further developed. Currently fully operated by a management company as Pine Tree Place units #1- #7. Popular in the winter ski season, the summer lake season with water sports and beach nearby, plus additional concerts and events for year-round fun. Great blue-chip investment in prime downtown area. Call for details.
Property Details
Price:
$2,280,000
MLS #:
140902
Status:
Active
Baths:
0
Address:
3994 Pine Boulevard
Type:
Multi Family
Subtype:
Apt Build 5-12 Units
Neighborhood:
stateline
City:
South Lake Tahoe
Listed Date:
Aug 7, 2024
State:
CA
Finished Sq Ft:
2,920
ZIP:
96150
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1947
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- Address3994 Pine Boulevard South Lake Tahoe CA
- AreaStateline
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
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Courtesy of Andrea King of Sierra Sotheby’s Int’l Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the South Tahoe Association of Realtors. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. South Tahoe Association of Realtors. All rights reserved.
3994 Pine Boulevard
South Lake Tahoe, CA
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