Great blue-chip investment in prime downtown South Lake Tahoe's Tourist Core Zone; Heavenly Ski Gondola, Heavenly Village, shopping, movie theatre, ice skating, casinos, the beach, and the new Convention and Event Center, are all within walking distance. Perfectly located at the end of a quiet Cul-De-Sac on the lakeside of HWY 50, without thru-traffic, and adjacent to open+ scenic space. Currently operating with seven units, all equipped for self-catering, one unit is a three bedroom apartment with full kitchen, dining area plus comfortable living room- could be used as owner's quarters or stay as profitable rental, two units are 1-bedrooms with living room, and four units are studios with kitchenettes. All units are newly and beautifully furnished throughout and with many upgrades done in 2022. There is an additional large laundry/ storage/ workshop area that could be further developed. Currently fully operated by a management company as Pine Tree Place units #1- #7. Popular in the winter ski season, the summer lake season with water sports, marina & beach, plus concerts and events for year-round fun. Please see link to memorandum, a video and please call for appointment with listing agent to view inside the units (subject to availability).