21 Unit Mobile Home Park In A Prime Development Area

$3,975,000
  • 12 Beds
  • 40,511 sqft lot

12 Unit Mobile Home park, with 9 Additional ”Tiny Home” sites Application in Progress, steps away from the sandy beach of Kings Beach State Beach Recreation Area. Currently, there are 12 units, 5 o

12 Unit Mobile Home park, with 9 Additional ”Tiny Home” sites Application in Progress, steps away from the sandy beach of Kings Beach State Beach Recreation Area. Currently, there are 12 units, 5 of which are almost brand new and 2 have been extensively remodeled. Sellers are finalizing the 9 additional units/sites with the local governing agencies. TRPA has recently up zoned the site to have up to 100% Coverage and 65’ height for Affordable Housing Units that will be limited to 80% AMI. AMI for the County is $82,000. Rental Rates can be set close to Market Rate. Excellent opportunity for investment as well as future development with 2 level and sunny parcels, totaling 40,000 Square Feet just under an Acre (.93) in the Mixed Use Mountain Town Center. Central location one block off of the main street of Kings Beach, where you will find gorgeous sandy beaches, public pier and park areas, seasonal boat launch, basketball courts, dining, shopping, and nightlife. Located to a transportation corridor with Free Transportation provided by Tahoe Area Regional Transit in all directions around the Lake. Site is also served by the FREE TART Connect On Demand UBER Style Shuttle Service. Nearby Major Ultra High End Developments of Frank Sinatra’s previously owned casino, The Cal Neva, now owned by Proper Hotels and the old Tahoe Biltmore Casino now under the Waldorf Astoria Flag, the area of Kings Beach is poised to once again be the hub of the North Shore. These developments, along with multiple other downtown projects, make this property an excellent option for investors that love the Tahoe Region and want to contribute to area development. Previous local projects include the newly constructed 77 UNIT Class A Luxury Affordable Housing Building on 204 Chipmunk St. and Lake Boulevard.(Photo of the Domas Building included in pictures), which have led the way for developers to create employee housing and local housing, which is a much-needed amenity that the area needs. Other options for the site include micro home communities, tiny homes, hotels/motels, commercial, and more. This area of Lake Tahoe is on the precipice of revitalization and modernization and this is your chance to get in early on the Renaissance of this famed town!

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  • Waterfront
  • Lakefront
  • Investment Property

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Alex Min
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8345 Trout Avenue, Kings Beach, CA 96143, Kings Beach, California, United States. See on Google Maps
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Alex Min
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Established in 1864, Tahoe City has a rich heritage dating back to the Gold Rush, when fortune hunters passed throu
Established in 1864, Tahoe City has a rich heritage dating back to the Gold Rush, when fortune hunters passed through on their way to search for silver in the Comstock Lode. A visit to any one of the museums and historical landmarks managed by the North Lake Tahoe Historical Society provides insights into how this town has evolved from frontier outposts to an appealing enclave of lakefront restaurants, homegrown coffee shops, boutiques and private estates. Tahoe City’s Lakefront Commons Beach is the heart of the town and provides acres of room to spread out, relax, hear a concert or peruse the Farmer’s Market in summer. At the north end, the park blends into Tahoe State Recreation Area, with right-on-the-lake campsites. The adjacent public pier makes a great place to jump into Lake Tahoe. The centrally located Tahoe City Marina is home to the Tahoe Yacht Club which hosts weekly sailing series and other popular nautical events. Located a little higher up on the mountainside of the town, you’ll find the world-class cross-country center Tahoe XC, which is the launching point to an outdoor enthusiast’s Never-Never Land. Mountain bikers, hikers and runners can stretch out and experience stellar lake views, while undertaking the challenge presented by the web of trails and singletrack. In the winter, 65 kilometers of groomed cross-country track branch out from the center. Also in the winter, the town hosts Snowfest, North Lake Tahoe’s version of Mardi Gras, with parades, live music, and snow play. A mélange of playful year-round activities, boutique shops, acclaimed restaurants and seasonal festivals awaits every visitor and local of the beautiful Tahoe City. Tahoe City is located just minutes from Squaw Valley, Alpine Meadows, Sunnyside and Homewood Resort and connected to these iconic destinations by a paved bike bath that runs along the Truckee River and the shores of Lake Tahoe.

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2015

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970 North Lake Blvd. PO Box 5127, PO Box 5127, 96145, Tahoe City, California, United States

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GZD46B
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