Courtesy of Haylen, Helen Chong.

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

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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 June 14, 2021 10:04AM.

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Contact Details

Telephone:

(408) 800-5478

Address:

1900 Camden Ave, San Jose, CA 95124

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