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3431 Spruce Ave
South Lake Tahoe, CA 96150

$2,750,000 USD

Apartments For Sale • 28,888 SF

Property Details

Property Type Apartments
Total Building Size 28,888 SF
Lot Size 2.87 AC
Building Class B
Year Built 1994
Zoning SLT

0 Transit Score

50 Walk Score

                
                    Highlights
                
                                Attractive Pricing Offered at $2,750,000, equating to $98,214 per unit and $106/SF - below replacement cost and competitive with recent regional sales
                            
                                Tangible Rent Upside: Current rents remain well below TCAC allowable maximums, offering organic revenue growth without major capital improvements.
                            
                                Mission-Critical Housing: Affordable housing is in extremely limited supply in South Lake Tahoe.

Property Flyers

026

Amenities

Air Conditioning
Cable Ready
Laundry Facilities
Property Manager on Site
Tile Floors
Carpet
Smoke Free

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Isaak Heitzeberg 916-204-9804 Marcus and Millichap Investment Services

3431 Spruce Ave South Lake Tahoe, CA 96150