3101 Lake Forest Road #173, Tahoe City, CA 96145-1238

Not just a Tahoe getawaythis is your ticket to smart, stylish income in the heart of North Lake. Unit #173 in Lake Forest Glen is a rare blend of walkable lake lifestyle, STR flexibility, and real return on investmentall in a clean, woodsy package that actually pays for itself. With 81% occupancy and nearly $60K in Airbnb earnings last year, Unit #173 at Lake Forest Glen is quietly outperforming bigger, flashier comps (and we have the spreadsheets to prove it). Its updated where it countsfull second bath and in-unit washer/dryer while still leaving room for value-add upgrades. Translation? You can make it your own without killing the cash flow. HOAs cover nearly everythingroof, snow, exterior, even tennis courts and poolswhile your guests enjoy walkability to the lake, Skylandia Beach, trail access, and all the action in Tahoe City just a mile away. Investor? Part-time skier? STR-savvy second-home shopper? This checks the boxes: - 7.5% cap rate based on real income, not projections - Stellar 81.9% occupancy in 2024 - $191 ADR with upward mobility - Turnkey ops with pro cleaning and seamless self-check-in - HOA: $675/month | Utilities: ~$330/month average Strong summer bookings already in place for immediate revenue This is a popular rental and availability is limited - Available for showings July 2730. and then it goes back on the rental. STR Compliance Note: Short-term rentals in Placer County require an active permit.Lake Forest Glen is classified as a residential condominium, not a condo-hotel, and is therefore subject to the countys STR permit ordinance. Permits do not transfer with the sale. New owners must apply through Placer Countys STR Program and receive approval before operating the property as a short-term rental. Summer Bookings in Place: The calendar is already filled for much of the summer, offering instant income and a seamless handoff to investor buyers. Airbnb calendar link available on request. Want the full P&L? Cap rate breakdown? Income by month? Cash-on-cash math? I've got it ready. Lets make your next move, your smartest one yet. Homelight link for rental history and disclosures: https://app.disclosures.io/link/3101-Lake-Forest-Road-173-g0eyod9h