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: 01784630
Price: $5,000,000
Property Type: Five Or More Units
Status: Active
Year Built: 1973
Days on Website: 54

Courtesy of Haylen, Helen Chong.

Property Description

HAYLEN and The Ivy Group are pleased to present an excellent investment opportunity to own a PARTIAL INTEREST in a well run apartment building at 5.36% pro forma cap rate! The Olive Tree Apartments is an updated 88-unit multifamily building situated on a 3.64 Acre lot. It includes 64 2beds/1bath units and 24 1bed/1bath units with an average unit size of 680 sf, and private patio or balcony for each unit. The property features a fully equipped fitness center, a solar heated swimming pool with sundeck, onsite laundry facility with 8 sets of washers and dryers, security cameras among other modern amenities. With its lush tropical grounds, the Olive Tree Apartments offers tranquility while being in a convenient location close to 280 freeway, Kaiser Permanente Santa Clara Medical Center, Apple Park, De Anza College, etc.

Property Details and Features

  • Listing
  • Source: MLSListings
  • Listed on 2021-02-22 17:59:48
  • Disability Features
  • Parking
  • Amenities
  • HOA amenities: Community Pool,Garden / Greenbelt / Trails,Gym / Exercise Facility
  • House
  • 63,024 structure square feet
  • Age: 48
  • Built in 1973
  • 7 buildings
  • 88 minimum units in complex
  • Cooling
  • Ceiling Fan
  • Floors
  • Vinyl / Linoleum
  • Foundation
  • Concrete Perimeter and Slab
  • Garage
  • Carport
  • Guest / Visitor Parking
  • Unassigned Spaces
  • Water
  • Public
  • Heating
  • Electric
  • Location
  • County: Santa Clara
  • Complex name: Olive Tree Apartments
  • Lot
  • Lot is 3.635766758494 acres
  • Tenant Pays
  • Utilities – Electric
  • Utilities – Water
  • Miscellaneous
  • Total expenses: 795621
  • Parking
  • 66 parking spaces
  • Pool
  • Pool – Heated
  • Pool – In Ground
  • Property
  • Zoning: R3
  • Roof
  • Flat / Low Pitch
  • Schools
  • Elementary school district: 455
  • Elementary school district: Cupertino Union
  • High school district: 475
  • High school district: Fremont Union High
  • Security System
  • Fire Alarm
  • Taxes
  • Annual tax amount: $104,390
  • Sewer
  • Sewer Connected
  • Utilities
  • Master Gas
  • Master Water
  • Separate Electric
  • Individual Electric Meters

Property Map

$5,000,000 – 1331 S Wolfe Rd, Sunnyvale, CA 94087

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Listings last updated on April 17, 2021 12:04AM.

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