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$ 2,200,000
Est. payment /mo
Active
4089 Pine Boulevard South Lake Tahoe, CA 96150
8 Beds
3,808 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,808 sqft
Price per Sqft $577
Subdivision Lakeside Park
MLS Listing ID 143093
Bedrooms 8
Year Built 1975
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Quadruplex
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.
Location
State CA
County El Dorado
Area Stateline
Zoning Multi-Family
Interior
Heating Natural Gas, Wall or Space Heater, Fireplace
Cooling Natural Gas, Wall or Space Heater, Fireplace
Laundry In Unit
Exterior
Exterior Feature Storage Shed
Garage Spaces 6.0
Utilities Available NaturalGasAvailable, Cable TV, Telephone, Water Meter
Roof Type Pitched,Composition
Building
Story Two Story
Foundation Concrete/Crawl Space
Water Natural Gas
Listed by Coldwell Banker Select - LTB