$399,000
217 Chipmunk Street
Kings Beach, CA 96143
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
1 Beds
·
1.0 Baths
·

About This Property

Bring your vision and creativity to this rare rehab opportunity just steps from the sparkling shores of Lake Tahoe! Located in the heart of Kings Beach, this property offers unbeatable proximity to the lake, beaches, restaurants, and year-round recreation. The home itself is in significant need of repair—perfect for contractors, flippers, or anyone ready to take on a full renovation project. The structure requires extensive work both inside and out, but the lot and location make this a fantastic chance to create your dream mountain getaway or an income-producing vacation rental. Zoned as Commercial/Office/Residential (mixed use). This will likely need to be an all-cash purchase, and seller financing may also be an option.

Listed by Tobin Baird — COMPASS

Listing Details

Status Active
MLS # 20252347
Days on Market 171

Property History

Oct 18, 2025
Listed for sale
$399,000
Property Overview
Beds 1
Baths 1.0
Lot Size 0.04 acres
Stories 1
Year Built 1936
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 090-192-054-000
Parking
Parking Features None
Exterior & Lot
Lot Features Level
Roof Composition
Foundation Pier
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 217 Chipmunk Street, Kings Beach

Est. Annual Revenue
$29,262
Avg Nightly Rate
$196
Projected Occupancy
39.9%
Cap Rate
2.9%
Structural Score: 40 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Kings Beach. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($79,800)
Home price
$399,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314
Email 9166671444

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