$1,890,000

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.