Embrace the coveted mountain lifestyle in this classic 1968 gambrel-style residence, perfectly positioned in the heart of Lake Arrowhead. Offering highly sought-after Lake Rights, this property seamlessly blends nostalgic Alpine charm with a proven history of steady long-term rental income. While it presents an outstanding canvas for a strategic value-add renovation or a stylish modern flip, its dual-living configuration makes it an incredibly rare find at this price point. The primary residence captures the essence of a cozy mountain escape, featuring an efficient and inviting layout. County records reflect a 2-bedroom, 1-bathroom footprint encompassing 768 square feet of main-level living space. Directly below, a completely independent guest suite provides a versatile secondary asset. Accessible via its own private entrance and serviced by a separate parking area on the Shenandoah access road, this lower-level living space includes a kitchenette, bathroom, washer/dryer hook ups, and private balcony. A reliable long-term income producer, the home features a durable composition roof installed in 2014. Beyond the property line, residents will enjoy effortless access to the mountain's popular culinary and recreation destinations at Kuffle Corner. You are just moments away from artisanal slices at LouEddies Pizza, curated selections at Little Bear Bottle Shop, morning brews at Kuffle Canyon Coffee, and local goods at Evergreen. For year-round outdoor adventure, the renowned SkyPark at Santa's Village is just a short drive away. Whether you are looking to curate an alpine haven or maximize an investment portfolio, this property represents an unmatched entry into the Lake Arrowhead market. Property sold in its present "as is" condition.