Marcus & Millichap arranges $2.6 million sale of 28-unit apartment property in South Lake Tahoe
MMI•Marcus & Millichap arranged the $2.6 million sale of Tahoe Pines Apartments, a 28-unit affordable housing property in South Lake Tahoe, California. The price was $92,857 per unit, and the transaction involved assumption of an existing city loan.
1. Sale details
Marcus & Millichap arranged the sale of Tahoe Pines Apartments for $2.6 million. The 28-unit affordable housing property's sale price equaled $92,857 per unit, and the transaction involved assumption of an existing city loan.
2. Housing program
Tahoe Pines operates under the Low-Income Housing Tax Credit program.
