8345 Trout Ave - Manufactured Housing/Mobile Housing FOR SALE


Kings Beach, CA 96143- Downtown Kings Beach
$2,900,000 USD
619-302-6008
8345 Trout Ave, Kings Beach, CA for Sale
$2,900,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/23
null | 5.78% Cap Rate

8345 Trout Ave
Kings Beach, CA 96143
Downtown Kings Beach


HIGHLIGHTS

  • Comprised of 10 HCD Permitted Mobile Home Sites, Two HCD Permitted RV Sites, and Two Studio Apartments
  • Includes Six Park Owned Homes, Five Tenant-Owned Homes, including one Vacant/Unusable Site (Site #11)
  • High Demand North Lake Tahoe Frontage Location, Just 10 Minutes from Northstar California Resort
  • City Water and City Sewer Served Community
  • ~$1.12 Million of Assumable Debt Fixed through 2031 at 4.00%
  • Park has been up zoned for a high density workforce housing building with 70% Lot Coverage and 65' High

OVERVIEW

• Comprised of 10 HCD Permitted Mobile Home Sites, Two HCD Permitted RV Sites, and Two Studio Apartments • Includes Six Park Owned Homes, Five Tenant-Owned Homes, including one Vacant/Unusable Site (Site #11) • High Demand North Lake Tahoe Frontage Location, Just 10 Minutes from Northstar California Resort • Sale Includes Five Park-Owned Park Models & One Park-Owned Mobile Home • City Water and City Sewer Served Community • ~$1.12 Million of Assumable Debt Fixed through 2031 at 4.00% • Currently Near 100% Capacity • Park has been up zoned for a high-density workforce housing building with 70% Lot Coverage and 65' High • Situated on .93 Acres • Well Maintained, Landscaped, and Managed • Rare Opportunity in High-Demand/Low Velocity Lake Tahoe Market • The property may have potential for up to seven (7) additional sites, subject to rezoning and governmental approvals

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$2,874 USD /SF

# OF UNITS

12

PRICE/UNIT

$241,667

CAP RATE

5.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beachside Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,510 SF

ZONING

MU-MTC

APN/PARCEL ID

090-074-023,090-074-024

ASK ABOUT THIS PROPERTY

Dustin WilmerMarcus & MillichapMore Info
619-302-6008

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Dustin WilmerMarcus & MillichapMore Info
619-302-6008

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