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$1,530,000
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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
Full Property Details
Full Property Details for 4093 Manzanita Ave #1-5
General
- Sold For: $1,530,000
- Status: Closed
- Type: Multi-Family
- Source: South_Tahoe_MLS
- MLS ID: 141614
- Added to Site: 248 day(s) ago
Rooms
Other Rooms
- Laundry: Common
Location
- Area: Stateline
- County: El Dorado
- Subdivision: Lakeside Park
- Cross Streets: Park Ave
- Driving Directions: Lake Tahoe Blvd/ Hwy 50, turn onto Park Ave, turn right on Manzanita Ave, and property is on left hand side before Desolation Hotel.
Heating & Cooling
- Heating Type: Natural Gas, Wall or Space Heater
- Water Heater: Natural Gas
Utilities
- Utility Description: NaturalGasAvailable, Cable TV, Telephone
Structural Information
- Construction Status: Wood Frame, Wood Siding
- Construction: Wood Frame, Wood Siding
- Foundation: Concrete/Crawl Space
- Roof: Pitched, Composition
- Windows/Doors: Double Pane, Vinyl Frame
- Entry Location: One Story
- Stories/Levels: One Story
- Year Built: 1953
Unit Information
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.16
- Lot Size Source: (Assessor)
Financial Considerations
- Price Per Sq. Ft.: $521.29
- Price Per Acre: $9,562,500
- Terms: Cash
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Schools
Schools serving 4093 Manzanita Ave #1-5
School District:Lake Tahoe Unified School District
| Name | Grades | Distance |
|---|---|---|
Sierra House Elementary School 1709 Remington Trail, South Lake Tahoe, CA 96150 | K-5 | 3.7 mi |
South Tahoe Middle School 2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 6-8 | 2.2 mi |
South Tahoe High School 1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 9-12 | 5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4093 Manzanita Ave #1-5
Date
Details
Price
Change
Source
6/13/2025
Sold
$1,530,000
-4.38%
MLS
5/15/2025
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4093 Manzanita Avenue #1-5, South Lake Tahoe, CA 96150 (MLS# 141614) is a Multi-Family property that was sold at $1,530,000 on June 13, 2025. Want to learn more about 4093 Manzanita Avenue #1-5? Do you have questions about finding other Multi-Family real estate for sale in South Lake Tahoe? You can browse all South Lake Tahoe real estate or contact a Coldwell Banker agent to request more information.

