3101 Lake Forest Road Unit 173
Tahoe City, CA 96145

Back on the Market! Not just a Tahoe getaway- this 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 investment- all 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). It's updated where it counts- full 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 everything - roof, snow, exterior, even tennis courts and pools - while 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 27-30. 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 county's STR permit ordinance. Permits do not transfer with the sale. New owners must apply through Placer County's STR Program and receive approval before operating the property as a short-term rental. Want the full P&L? Cap rate breakdown? Income by month? Cash-on-cash math? I've got it ready. Let's make your next move, your smartest one yet.