8345 Trout Avenue, Kings Beach, CA 96143
sale
$2,900,000
|
Other
Courtesy Of Pacific Union International, Inc.
Located in the heart of Kings Beach on Lake Tahoe's coveted North Shore, Beachside Mobile Home Park presents a rare value-add and potential redevelopment opportunity on approximately 0.93 acres. The all-ages community consists of six park-owned homes, five tenant-owned homes, two studio apartments, and one vacant unusable site. Originally constructed in 1953, the property is served by city water and sewer and has historically maintained strong occupancy with average site rents of approximately $1,804/month. The property also features approximately $1.12M in assumable financing fixed at 4.00% through 2031, creating attractive in-place debt for qualified buyers. Well positioned for future upside, the site may support a seven-space expansion, with potential for up to nineteen total sites subject to future Placer County zoning updates and approvals. Ideally located just moments from Kings Beach State Recreation Area, residents and visitors enjoy easy access to sandy beaches, boating, paddleboarding, dining, shopping, and world-class skiing at nearby Northstar and Palisades Tahoe. A unique North Lake Tahoe investment opportunity with existing cash flow and long-term development potential.
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Property Features
- Building Units: 12
- MLSID: 20260999
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