Infill Development Opportunity 441 Bear St 5 Unit Apartment Building $1,150,000 ($230,000/Unit) Kings Beach, CA 96143

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.