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$ 1,890,000
Est. payment /mo
Active
8489 Trout Street Kings Beach, CA 96143
2,656 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,656 sqft
Price per Sqft $711
Subdivision North Laketahoe
MLS Listing ID 20261127
Year Built 1958
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 75x125x75x125
Property Sub-Type Commercial
Property Description
Exceptional investment opportunity in the heart of Kings Beach—this fully leased 10-unit multifamily property offers strong in-place income just blocks from the shores of world-famous Lake Tahoe. Comprised of 9 studio units and 1 one-bedroom unit, the property is ideally located one block off Main Street in a sunny, friendly neighborhood surrounded by mature trees. The majority of the property underwent extensive renovations in 2023/2024, providing updated interiors and improved functionality throughout. A standout feature is the spacious communal kitchen and shared living area, fully renovated in 2023, creating an inviting atmosphere for residents. The property also includes an on-site laundry facility equipped with brand-new paid Speed Queen washer and dryer units. Additional highlights include plentiful on-site parking, strong rental demand, and a prime walkable location near shopping, dining, recreation, and the lakefront. This is a rare opportunity to acquire a turnkey, income-producing asset in one of North Lake Tahoe's most desirable communities.
Location
State CA
Exterior
Topography Level
Building
Lot Description STREET
Others
Tax ID 09012101900
Special Listing Condition Standard
Listed by Eric A Navarro COMPASS