This versatile multi-family residence offers an excellent opportunity in one of Kings Beach’s most desirable neighborhoods. Featuring two distinct units, each with two bedrooms and two bathrooms, the property presents a compelling option as either an income-generating asset or for multiple households. With a total of 1,920 square feet of interior space, there’s ample room to update and customize according to personal tastes or investment goals. Situated on a spacious lot, this property provides generous outdoor space—ideal for gardening, entertaining, or simply enjoying the mountain air. While the home is functional as-is, it also boasts strong renovation potential for those looking to increase value or create a long-term rental portfolio. Parking is available on-site, making year-round access convenient for residents and guests alike. Enjoy convenient access to local attractions including parks, restaurants, and shops. Jai Yen park is located nearby for outdoor relaxation, while a nearby grocery store ensures that daily errands are easily managed. Bus transportation options are located nearby for added convenience. This listing provides flexibility rarely found in the area, suitable for both investment purposes or owner occupancy with rental potential. With room to improve and a location that supports both lifestyle and income, this is one real estate opportunity that doesn’t come around often—and when it does, it's usually gone before you can say “passive income.” Do not walk the property, permission needs to be given.
Sold for $595,000 on 07/28/25
$595,000
8790 Rainbow Ave, Kings Beach, CA 96143
4beds
4baths
1,920sqft
Multi Family
Built in ----
-- sqft lot
$594,900 Zestimate®
$310/sqft
$4,555 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 05:29pm
Listed by:
Ricki Manahan 530-681-8592,
Allison James Estates & Homes
Bought with:
Mark A Lemmon, DRE #01939057
Berkshire Hathaway HomeService
Source: TSMLS,MLS#: 20251093

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Baseboard, Electric
Interior area
- Total structure area: 1,920
- Total interior livable area: 1,920 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Features: STREET
- Topography: Level
Details
- Parcel number: 090181057000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: OLD TAHOE
- Property subtype: Multi Family
Condition
- New construction: No
Utilities & green energy
- Sewer: Utility District
- Water: Utility District
Community & neighborhood
Location
- Region: Kings Beach
- Subdivision: North LakeTahoe
Other
Other facts
- Listing agreement: EXCLUSIVE RIGHT
Services availability

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