Description

Beachside Mobile Home Park is a well-established, all-ages community situated on approximately 0.93 acres in the highly desirable North Lake Tahoe area. The property consists of 10 HCD-permitted mobile home sites, 2 HCD-permitted RV sites, and 2 studio apartments, including six park-owned homes, five tenant-owned homes, and one currently vacant, unusable site. Originally built in 1953, the community is serviced by city water and sewer and has historically maintained strong occupancy levels around 92%, with average site rents of $1,771. The asset includes approximately $1.12 million in assumable debt at a favorable fixed rate of 4.00% through 2031, enhancing its investment appeal. Additionally, the property presents significant upside potential, with the possibility of adding up to seven new sites—and potentially up to nineteen pending zoning changes—supported by anticipated updates from Placer County as early as 2026 and expected completion by 2027. Further value lies in its zoning flexibility for higher-density development, allowing for workforce housing with substantial lot coverage and height allowances. Ideally located just 10 minutes from Northstar California Resort, the park benefits from strong demand in a constrained market and is well-maintained with attractive landscaping, making it a rare and compelling investment opportunity.