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
Sold for $1,530,000 on 06/13/25
$1,530,000
4093 Manzanita Ave #1-5, South Lake Tahoe, CA 96150
6beds
6baths
2,935sqft
Apt Build 5-12 Units
Built in 1953
-- sqft lot
$1,529,800 Zestimate®
$521/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 14, 2025 at 04:10am
Listed by:
Andrea S King 530-416-0851 andrea.ie@mac.com,
Sierra Sotheby's Int'l Realty,
Joseph King 530-416-0850,
Sierra Sotheby's Int'l Realty
Bought with:
Kimberly Moore, 01366299
eXp Realty of California
Source: STAOR,MLS#: 141614
Originating MLS: South Tahoe Association of Realtors

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Natural Gas, Wall or Space Heater
Appliances
- Included: Gas Water Heater
- Laundry: Common Area
Features
- High Speed Internet, 1st Unit: 2 Beds - 2 Baths, 2nd Unit: 1 Bed - 1 Bath, 3rd Unit: Studio with 1 Bath, 4th Unit: 1 Bed - 1 Bath, 5th Unit: 1 Bed - 1 Bath
- Windows: Double Pane Windows, Vinyl Frame
- Basement: Concrete/Crawl Space
Interior area
- Total structure area: 2,935
- Total interior livable area: 2,935 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Patio/Balcony
- Spa features: Spa/Hot Tub
Lot
- Size: 6,970 sqft
Details
- Parcel number: 029041018000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apt Build 5-12 Units
Materials
- Wood Frame, Wood Siding
- Roof: Pitched,Composition
Condition
- Year built: 1953
Utilities & green energy
- Sewer: City Sewer
- Water: City Water
- Utilities for property: Natural Gas Available, Cable Connected, High Speed Internet, Phone Connected
Community & neighborhood
Location
- Region: South Lake Tahoe
- Subdivision: Lakeside Park
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Available date: 01/01/1800
- Listing terms: Cash
Services availability

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