441 Bear St - Apartments FOR SALE


Kings Beach, CA 96143
$1,250,000 USD
530-684-1489
441 Bear St, Kings Beach, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

441 Bear St
Kings Beach, CA 96143


HIGHLIGHTS

  • Rare .56-acre infill development opportunity steps from Lake Tahoe, popular restaurants, and the vibrant core of downtown Kings Beach.
  • Entitlements include four Tourist Accommodation Units, a Residential Unit of Use, and five Potential Residential Units of Use.
  • Approx. 12,500 square feet of buildable land with flexible zoning that supports single-family homes, duplexes, townhomes, or multifamily residences.
  • Land capability verification and a topographic site survey are already complete, streamlining the path for developers to move forward with confidence.

OVERVIEW

At 441 Bear Street in Kings Beach, this .56-acre infill development site presents a rare opportunity to reimagine a centrally located parcel in one of North Lake Tahoe’s most energetic and walkable communities. Minutes from Lake Tahoe, shops, and local dining, the property combines a prime location with flexible zoning and verified development rights. It is an exceptional candidate for mixed-use or residential redevelopment. Currently in need of significant renovations or replacement, the site includes a 1,522-square-foot, two-bed/two-bath duplex and a four-unit motel. Entitlements include four Tourist Accommodation Units (TAUs), one Residential Unit of Use (RUU), and five Potential Residential Units of Use (PRUUs). With approximately 12,500 square feet of vacant buildable land, the site is suited for various development scenarios, whether single-family homes with Accessory Dwelling Units (ADUs), townhomes, duplexes, or a multi-unit residential building. With land capability verification and a completed topographic site survey, 441 Bear Street is ready for a forward-thinking investor or developer to bring new life to this underutilized property. Its unmatched location, existing entitlements, and development-ready status offer an opportunity to deliver a high-impact project in a market that continues to demand new, dynamic housing concepts.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$471 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Infill Development Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

TB-RES-KBR

APN/PARCEL ID

090-066-004

ASK ABOUT THIS PROPERTY

Dave WestallSotheby's International RealtyMore Info
530-684-1489

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Dave WestallSotheby's International RealtyMore Info
530-684-1489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.