10393 High Street

Truckee, California 96161 · APN 019-080-038-000
Property Particulars
January 2026
Transaction Summary
Purchase Date
June 3, 2025
Purchase Price
$287,500
Planned Investment
$500,000
Lot Size
3,176 SF
Zoning
DMUR
Title Holder
Truckee Flagship 10393, LLC
Capitalization Table
Investor / Class Amount % of Equity
Guesthouse Flagship Stewards (Manager) $13,125 4.76%
Preferred Equity $75,000 27.21%
Investor Loans $187,500 68.03%
Total Equity $275,625 100.00%

Senior debt of $250,000 held separately at property level. Loan-to-Value: 50%.

Sources & Uses
Sources of Capital
Senior Debt $250,000
Equity $275,625
Total Sources $525,625
Uses of Capital
Land Acquisition $287,500
Planned Renovations $212,500
Total Uses $500,000
Pro Forma Operating Performance

Based on planned $500,000 total investment including renovations.

Annual Revenue
$104,000
stabilized
Net Operating Income
$85,725
82.4% margin
Yield on Cost
17.1%
vs 4-5% VR typical
Cash-on-Cash Return
31.1%
on equity
Location & Regulatory

10393 High Street occupies a strategic position within Truckee's historic downtown core, directly adjacent to the flagship Horan House property at 10403 High Street. This contiguous land position strengthens the Guesthouse campus footprint and provides operational synergies with existing hospitality infrastructure.

The property operates under Downtown Mixed-Use Residential (DMUR) zoning, enabling year-round professional hospitality operations. This regulatory framework—shared across the Truckee campus—provides sustainable operational permissions while avoiding short-term rental restrictions that constrain competitor supply.

Topographic & Boundary Survey
Topographic and Boundary Survey - 10393 High Street
Arnett & Associates, Inc. | Survey dated June 21, 2022 | Sheet 1 of 1