8732 Rainbow Avenue, Kings Beach, CA 96143, Kings Beach, 96143 - 3 bed, 3 bath
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Kings Beach, CA 96143
Analysis of 8732 Rainbow Avenue, Kings Beach, CA 96143 is currently available with a list price of $1,499,500. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Kings Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Built in 2004 (22 years old), the property falls slightly outside the 'Good' age bracket but qualifies due to recent updates. The interior features new Luxury Vinyl Plank flooring and fairly new appliances. The bathrooms and living areas appear well-maintained and functional, making it move-in ready for its current use as a short-term rental.
The property is a compliant short-term rental generating a robust $80,000 in annual gross revenue, offering immediate cash flow and a proven track record for investors.
The home features modern luxury vinyl plank flooring throughout and is equipped with new appliances, including a refrigerator, dishwasher, and laundry units.
Built in 2004, this residence is significantly newer than many surrounding properties in Kings Beach, offering more contemporary building standards and reduced maintenance needs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3000, other record lot size in square feet = 3125.
The requirement of a cash offer prior to showing significantly limits the pool of potential buyers and complicates the standard due diligence process.
With a modest 3,000 square foot lot, the property offers minimal outdoor space and privacy, which may be a drawback for buyers seeking a traditional mountain yard.
Currently the property is being operated as a Compliant Short Term Rental. Property currently grosses $80k per year. Property has been updated with Luxury Vinyl Plank Floors throughout, property has fairly new appliances: new refrigerator, new dishwasher, new laundry washing machine and dryer. Do not disturb renters at the property. Showing only on cash offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,450 | 1,450 | 50% |
| Lot Size | 3,000 | 4,966 | 33% |
| Price | $1.50M | $580.0K | 67% |
| Price per sq ft | $1.0K | $767 | 67% |
| Built year | 2004 | 1988 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 167 | 33% |
May 24, 2026
$1,499,500
Initial Listing
Feb 14, 2018
$430,000
Public Record
Mar 15, 2007
$498,000
Public Record