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8345 Trout Ave 12 Unit Mobile Home Park $2,900,000 ($241,667/Unit) 6.19% Cap Rate Kings Beach, CA 96143
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $53,694 | |
| Land Assessment | $1,557,215 | Total Assessment | $1,610,909 |
Property Taxes
Parcel Numbers
Land Assessment
$1,557,215
Improvements Assessment
$53,694
Total Assessment
$1,610,909
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8345 Trout Ave