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Investment Highlights

  • Comprised of 10 HCD Permitted Mobile Home Sites, Two HCD Permitted RV Sites, and Two Studio Apartments
  • High Demand North Lake Tahoe Frontage Location, Just 10 Minutes from Northstar California Resort
  • ~$1.12 Million of Assumable Debt Fixed through 2031 at 4.00%
  • Includes Six Park Owned Homes, Five Tenant-Owned Homes, including one Vacant/Unusable Site (Site #11)
  • City Water and City Sewer Served Community
  • Park has been up zoned for a high density workforce housing building with 70% Lot Coverage and 65' High

Executive Summary

• Comprised of 10 HCD Permitted Mobile Home Sites, Two HCD Permitted RV Sites, and Two Studio Apartments
• Includes Six Park Owned Homes, Five Tenant-Owned Homes, including one Vacant/Unusable Site (Site #11)
• High Demand North Lake Tahoe Frontage Location, Just 10 Minutes from Northstar California Resort
• Sale Includes Five Park-Owned Park Models & One Park-Owned Mobile Home
• City Water and City Sewer Served Community
• ~$1.12 Million of Assumable Debt Fixed through 2031 at 4.00%
• Currently Near 100% Capacity
• Park has been up zoned for a high-density workforce housing building with 70% Lot Coverage and 65' High
• Situated on .93 Acres
• Well Maintained, Landscaped, and Managed
• Rare Opportunity in High-Demand/Low Velocity Lake Tahoe Market
• The property may have potential for up to seven (7) additional sites, subject to rezoning and governmental approvals

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $408,798 $405.15
Other Income - -
Vacancy Loss - -
Effective Gross Income $408,798 $405.15
Taxes - -
Operating Expenses - -
Total Expenses $178,680 $177.09
Net Operating Income $230,118 $228.07

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $408,798
Annual Per SF $405.15
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $408,798
Annual Per SF $405.15
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $178,680
Annual Per SF $177.09
Net Operating Income (CAD)
Annual $230,118
Annual Per SF $228.07

Property Facts

Price $3,981,120 CAD
Price Per Unit $331,760 CAD
Sale Type Investment
Cap Rate 5.78%
Gross Rent Multiplier 9.27
No. Units 12
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class C
Lot Size 0.93 AC
Building Size 1,009 SF
Average Occupancy 100%
No. Stories 1
Year Built 1964
Zoning MU-MTC - Mixed-Use Mountainside Town Center (MU-MTC)
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 090-074-023
  • 090-074-024
Land Assessment
$2,137,745 CAD (2025)
Improvements Assessment
$73,711 CAD (2025)
Total Assessment
$2,211,456 CAD (2025)
  • Listing ID: 39578625

  • Date on Market: 2026-02-25

  • Last Updated:

  • Address: 8345 Trout Ave, Kings Beach, CA 96143

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