11.5% CAP. Fantastic opportunity: 2 structures on 2 lots with their own APNs, zoned Commercial and Residential/Mixed Use: 2 buildings are connected by a semi circular driveway with plenty of parking, expansive, nearly level, and landscaped grounds. The property is being sold fully furnished with a turn-key lucrative income history, distinguished client base, and management system in place. In the last 12 months it grossed $318k and netted $213k after expenses. The property features a modest lakeview in a lush, forested setting with cedar trees and pines. The homes and grounds have been furnished and meticulously curated by an Italian Prince and an Award-Winning Independent Filmmaker. 6840 Pine St includes a 3 bedroom, 2 bath home which boasts a fully-outfitted chef's kitchen with wolf range, a island bar, dining for 8 both inside and out, natural stone and acacia wood floors, bathrooms with heated floors and luxury fixtures, a fireplace room, mudroom, master bedroom with a private deck, an upright piano, memory foam mattresses, french-washed linen bed sets, designer-selected vintage furniture, a mix of artwork and historic photographs. A luxuriously furnished wrap around deck hugs the house and provides easy access to the gardens. This home currently has an STR permit with an occupancy of 8. 6830 Pine Street is an auxiliary space which includes a comfortable hideaway in which to relax, bathroom, kitchenette, deck, and entry on the second floor. Below there is a dramatic, oak-floored, custom-designed Creative Studio, which comes with a restored Steinway grand piano and a 7' TV in the Cinema Screening Lounge. A covered entry outfitted with mountain bikes and e-bikes, and a separate, spacious, lockable storage room affords plenty of room to stash your tools and toys. A Generac backup generator is included for the new owner to connect. These spaces are not currently permitted as living space as they do not yet have their own sewer line. Should the buyer wish to permit the space, they should do their own investigation. The gardens feature a large lawn, a fenced backyard, a barrel steam sauna, a new luxury spa, a horseshoe area, and even a wedding arch. This property is nestled into a quiet neighborhood mixed with historic cottages, summer cabins, and newly built mountain modern homes all located within the epicenter of Silicon Valley's remote work community. Take an easy stroll to the shores of Lake Tahoe, the Tahoma Market and Deli, the award-winning Cult Burger, Where We Met Gelato & Coffee, and the Dog and Bear Neighborhood Tavern, featuring a delicious upscale menu. A short pedal along the bike path brings you to Homewood, Sunnyside, Tahoe City, and the Truckee River. Ski areas, golf, iconic hiking trails, the famous Rubicon OHV Trail, beaches, the much photographed Emerald Bay, the white sands of Meeks Bay Resort, marinas, boat launches, shops, music venues, museums, parks, and a theater are all nearby.
