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Price: $5,000,000
Property Type: Five Or More Units
Status: Active
Year Built: 1973
Days on Website: 4

Courtesy of Haylen, Helen Chong.

Property Description

HAYLEN and The Ivy Group is the proud listing brokers for this excellent investment opportunity to own a PARTIAL INTEREST in this well run apartment building at 5.36 pro forma cap! The Olive Tree Apartments is an updated 88-unit 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, the intersection of Lawrence Expy and El Camino Real, 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
  • Carpet
  • 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
  • 44 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 February 26, 2021 11:04AM.

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