Kings Beach Multifamily Investment
For Sale
$1,890,000
8489 Trout Ave, Kings Beach, CA 96143
Fully leased 10-unit property near Lake Tahoe.
Property Size2,656 SF
Price / SF$711.60
Days on Market96
Property Features for 8489 Trout Ave
General Information
Standard status
Active
Size
2,656 SF
Listing Agency:
COMPASS
(480) 695-6771
Listed By:
Eric A Navarro · License #01942526
(480) 695-6771
Source:
Exprealty
Added: May 27
Changed: Aug 25
Last Checked: Aug 29 at 2:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS
Investment Insights
Based on property information with market context.
This fully leased 10-unit multifamily property is located in Kings Beach, just blocks from Lake Tahoe. The property comprises 9 studio units and 1 one-bedroom unit. Situated one block off Main Street, the property benefits from a location in a sunny neighborhood with mature trees. Extensive renovations were completed on the majority of the property in 2023/2024, updating interiors and improving functionality. A communal kitchen and shared living area, renovated in 2023, provide an inviting atmosphere for residents. The property also includes an on-site laundry facility equipped with new Speed Queen washer and dryer units. Plentiful on-site parking is available. The property is located near shopping, dining, recreation, and the lakefront. The property size is 2656 square feet.
Key Highlights
- Fully leased 10‑unit multifamily property providing strong in‑place income.
- Prime location in Kings Beach, just blocks from Lake Tahoe and one block off Main Street.
- Extensive renovations completed in 2023/2024, providing updated interiors.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 96143, CA
3,965
Population
2,824
Households
1.4
Avg Household Size
37
Median Age
34%
College-Educated
77%
High-School Grad
9.2 sq mi
ZIP Area
431
Density / Sq Mi
$65,841
Median Household Income
$34,120
Median Earnings
$1,232
Median Rent
$714,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased 10-unit property near Lake Tahoe.
Where is this apartment building located?
The property is located at 8489 Trout Ave Kings Beach, CA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Fully leased 10‑unit multifamily property providing strong in‑place income.; Prime location in Kings Beach, just blocks from Lake Tahoe and one block off Main Street.; Extensive renovations completed in 2023/2024, providing updated interiors.
