$5,000,000
1331 S Wolfe Road, Sunnyvale, CA 94087
0 Beds
0 Baths
63,024 sqft

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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.
  • Price:
  • $5,000,000
  • Square Footage:
  • 63,024
  • Acreage:
  • 3.64
  • Year Built:
  • 1973
  • Listing ID #:
  • ML81830904
  • Street Address:
  • 1331 S Wolfe Road
  • City:
  • Sunnyvale
  • State:
  • California
  • Postal Code:
  • 94087
  • County:
  • Santa Clara
  • Community:
  • All Other Counties/States
  • Listing Status:
  • Active
  • Listing Type:
  • Other
  • Age Of Dwelling:
  • 48
  • Features:
  • Fire Alarm System
  • Total Building Square Footage:
  • 63024
  • Year Built:
  • 1973
  • Annual Income:
  • 2331600
  • Annual Utility Expenses:
  • 210748
  • Expenses:
  • Electric, Gas, Insurance, Maintenance/Repair, Other, Vacancy Factor, Water
  • Net Operating Income:
  • 1116291
  • Conforms To Zoning:
  • R3
  • Lot Square Footage:
  • 158374
  • For Sale Or Lease?:
  • For Sale
  • Property Taxes:
  • $104,390
  • Tenant Pays:
  • Electric, Water
  • Parking Description:
  • Guest Parking
  • Parking Spaces:
  • 66
  • Cooling System:
  • Ceiling Fan(s)
  • Heating:
  • Electric
  • Sewage Type:
  • Water - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Helen Chong of Haylen (CA DRE#: 01700495)
  • BAYEAST

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