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Listed by Clayton Humphries Compass
$2,900,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision North Laketahoe
MLS Listing ID 20260999
Property Sub-Type Commercial
Property Description
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.
Location
State CA
County Placer
Exterior
Topography Level
Building
Lot Description COMMON AREA
Others
Tax ID 090074024000
Acceptable Financing Assumable
Listing Terms Assumable
Special Listing Condition Standard
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