8345 Trout Ave - Manufactured Housing/Mobile Housing FOR SALE


Kings Beach, CA 96143- Downtown Kings Beach
$2,900,000 USD
508-280-8083
8345 Trout Ave, Kings Beach, CA for Sale
$2,900,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/26
null | 6.19% Cap Rate

8345 Trout Ave
Kings Beach, CA 96143
Downtown Kings Beach


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$2,874 USD /SF

# OF UNITS

12

PRICE/UNIT

$241,667

CAP RATE

6.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

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

Clayton HumphriesCompassMore Info
508-280-8083

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Clayton HumphriesCompassMore Info
508-280-8083

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