3994 Pine Blvd Active Save Request In-Person Tour Request Virtual Tour
South Lake Tahoe,CA 96150
Key Details
Property Type Commercial
Sub Type Business w/ RE
Listing Status Active
Purchase Type For Sale
Square Footage 2,920 sqft
Price per Sqft $780
Subdivision Ca
MLS Listing ID 240009076
Year Built 1947
Lot Size 9,147 Sqft
Property Description
Seven-unit fully managed vacation rentals 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 fully equipped kitchen, dining area, plus living room- could be used as owner's quarters or keep as profitable rental; two units are 1-bedrooms with living room, and four units are studios with kitchenettes. All units are newly and beautifully furnished throughout and with many 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, and concerts and events galore for year-round fun. Great blue-chip investment in prime downtown area. Please call for informational memorandum and to set up appointment for viewings subject to availability.
Location
State CA
County El Dorado, Ca
Zoning Tourist Core/Comm. Zoning
Interior
Heating Natural Gas,Fireplace,Forced Air,Wall Heater
Flooring Carpet,Ceramic Tile,Laminate,Sheet Vinyl,Vinyl Tile
Exterior
Exterior Feature Masonite
Fence Partial,Wood
Utilities Available Cable,City Sewer,Electricity,Natural Gas,Telephone,Water Meter Installed,City/County Water
Roof Type Asphalt,Flat
Building
Story 1 Story
Foundation Concrete/Crawl Space
Structure Type Masonry
Others
Special Listing Condition None