Courtesy of Haylen, Helen Chong.

1331 S Wolfe Rd Sunnyvale, CA 94087
$5,000,000
  • beds
  • 0 baths
  • 63,024 sq ft

Contact Me to Learn More

Helen Chong

Helen Chong

Founder

DRE# 01700495

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 & Features

Property Type

  • Five Or More Units

Year Built

  • 1973

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

Listings last updated on September 16, 2021 11:05PM.

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