4091 Pine Blvd, South Lake Tahoe, CA 96150

Property Description

Located within the Tourist Core these two townhouse style duplex properties are in an excellent location. Walk to the casinos at Stateline, Gondola at Heavenly Village and to the lake, beach and marina at Lakeside Beach Park. There are two duplexes , one with address 4089 Pine Blvd. and one with address 4091 Pine Blvd. Years ago there were two separate parcels but a lot consolidation was done by the previous owner to one parcel with 13,932 SF in size with the capability of separating back into two separate lots each with one duplex. This property is located within the Tourist Core Area Plan which shows these 4 units are in the Tourist Center-Mixed Use allowing for multi-family, single family including condos, bed & breakfast, hotel, motel and time share. There is also the possibility of 40 units/acre for multi-family with a maximum building height of 65 feet. The Tourist Core also allows for increased ground coverage of 70% coverage. Therefore you could add on to the property to have a total of 13 units of which some could have a view of the lake when maximizing the 65 foot height limit. Presently each unit is a 952 SF, 2 bedroom, 1/1/2 baths with identical floor plans. The living room, kitchen and 1/2 bath are on the ground floor and then upstairs 2 bedrooms 1 bath. Each unit has it's own fireplace and nice back decks. One of the units has been tenant occupied for over 20 plus years with this tenant acting as the caretaker. The three other units are currently vacant as have been undergoing recent upgrades of laminate flooring, carpet, kitchen cabinetry, appliances, and granite counters and updates to the bathrooms. The exterior was repainted in 2021 and a new 40 year composition roof in 2022. Enjoy the deeded access to the Lakeside Beach and Marina.