4093 Manzanita Avenue #1-5 Save Request In-Person Tour Request Virtual Tour
South Lake Tahoe,CA 96150
Key Details
Property Type Multi-Family
Sub Type Apt Build 5-12 Units
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,935 sqft
Price per Sqft $545
Subdivision Lakeside Park
MLS Listing ID 141614
Bedrooms 6
Year Built 1953
Lot Size 6,970 Sqft
Acres 0.16
Property Sub-Type Apt Build 5-12 Units
Property Description
Discover the ultimate turnkey investment opportunity in the heart of South Lake Tahoe's coveted Tourist Core. This fully-managed, income-producing tourist rental-property features five recently professionally designed and remodeled, well-appointed units, and an unbeatable location that consistently draws year-round visitors. Comprising one spacious two-bedroom, two-bath unit with an open-concept living and dining area, updated kitchen with granite countertops and stainless steel appliances, three trendy one-bedroom units, each offering cozy living spaces, full kitchens with granite counters and stainless steel appliances, and one efficient studio with its own kitchen, this property offers exceptional flexibility and broad guest appeal to groups or individual holiday makers alike. A shared outdoor courtyard enhances guest enjoyment with a hot tub, BBQ, and seating area, perfect for apres-ski relaxation or summer evening gatherings. Located just a short stroll to the vibrant Heavenly Village and Ski Gondola, guests can access world-class skiing and snowboarding within minutes. In warmer months, the property is within walking distance to Lake Tahoe's beaches and marina, offering boating, and lakeside leisure, while nearby bike trails and hiking routes provide access to trails around the lake and endless backcountry adventures. Visitors also enjoy immediate proximity to premier amenities including the new Tahoe Blue Event Center, Stateline casinos, fine dining, shopping, and the iconic Edgewood Tahoe Golf Course. Zoned within the Tourist Core, a hotel/motel property, ensuring reliable, year-round occupancy and robust income potential. The property is currently managed by a professional rental management company, offering passive income for investors seeking a hands-off asset. Whether catering to families, groups, couples, or solo travelers, these five diverse and beautiful units are perfectly tailored for today's travel market and deliver a consistent return with minimal owner oversight. This is a rare chance to acquire a well-performing, fully furnished and equipped vacation rental complex that is in one of the most desirable and walkable areas of South Lake Tahoe. With the region's enduring popularity for outdoor recreation from snow sports and scenic trails to lakefront activities and summer festivals, this location offers not just investment security, but long-term growth potential in one of California's most dynamic, pristine, and sought-after mountain-lake destinations. Video: https://listings.mousepadreno.com/videos/0196d45d-b054-72e7-a405-90e2673a53cb?v=439
Location
State CA
County El Dorado
Area Stateline
Interior
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Laundry Common
Exterior
Exterior Feature Patio/Balcony,Spa/Hot Tub
Utilities Available NaturalGasAvailable,City Water,City Sewer,Cable TV,High Speed Internet,Telephone
Roof Type Pitched,Composition
Building
Story One Story
Foundation Concrete/Crawl Space
Water Natural Gas
Others
Virtual Tour https://listings.mousepadreno.com/videos/0196d45d-b054-72e7-a405-90e2673a53cb?v=439