441 Bear St - Multi-Family 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
Multi-Family - FOR SALE
1/26
null | Request Cap Rate

441 Bear St
Kings Beach, CA 96143


HIGHLIGHTS

  • In-fill development opportunity
  • Rehabilitate Existing Structures
  • Develop Vacant Land

OVERVIEW

Prime Infill Development Opportunity in the Heart of Kings Beach Offered as a rare chance to reimagine and revitalize a central parcel in one of North Lake Tahoe’s most vibrant communities. Set on a generous .56-acre lot, this mixed-use property presents a true redevelopment opportunity in an A+ walkable location just blocks from the lake, shops, and dining. The parcel currently features an older 1,522 sq ft duplex with a total of 2 beds / 2 baths, and a 4-unit motel, both buildings have significant deferred maintenance, offering value primarily in the land and entitlements. The property has 4 Tourist Accommodation Units (TAUs), there is 1 Residential Unit of Use (RUU), and 5 Potential Residential Units of Use (PRUU) which have been verified. In addition to the existing improvements, there is approximately 12,500 sq ft of vacant land on the property that could potentially be developed with single-family homes and ADU's, townhomes, duplexes, or a multi-unit apartment building. This property offers many feasible development opportunities. With land capability verification complete and a topographic site survey in hand, this property is ready for forward-thinking developers to step in and bring new life to a cornerstone of Kings Beach’s future. Whether you're looking to create a boutique community of modern mountain homes or a higher-density housing solution, 441 Bear Street offers flexibility, location, and untapped potential. Key Highlights: .56 acres of prime in-fill land Existing duplex + 4-unit motel 12,500 sq ft of buildable land Land capability & topo survey completed Walkable location to downtown Kings Beach & Lake Tahoe Zoned for potential multifamily, townhouse, or single-family development Bring your vision. Build your legacy. Contact us today for site-specific documents and to schedule a private tour.

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

In-fill Development Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

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 Policy.