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1331 S Wolfe Road

Sunnyvale, CA 94087
  • $5,000,000
  • STATUS: Active
  • ON SITE: 242 Days
  • ID#: ML81830904
UPDATED: 35 min ago
$5,000,000
  • 0
    BEDS
  • 3.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

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.

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Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-10-23T19:39:05.093.

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1331 S Wolfe Road Sunnyvale, CA 94087

  • Price: $5,000,000
  • Status: Active
  • Updated: 35 min ago
  • ID#: ML81830904
0
Beds
0
Baths
0
½ Baths
3.64
Acres
1973
Built
Neighborhood:
All Other Counties/States
County:
Santa Clara
Area:
All Other Counties/States
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.
Exterior Features

Parking Description Guest Parking Parking Spaces Total 66

Interior Features

All Units Have Dishwasher Apx Sq Ft Unit1 625 Apx Sq Ft Unit2 735 Bedrooms Unit1 1 Bedrooms Unit2 2 Cooling Ceiling Fan(S) Heating Electric Some Units Have RefrigeratorUpdated Kitchen

Property Features

Annual Gross Sched Income 2331600 Annual Taxes 104390 Annual Utility Expense 210748 Building Type Other Equipment Additional Fire Alarm System Hoa YN No Net Operating Income 1116291 Operating Expenses ElectricGasInsuranceMaintenance/RepairVacancy FactorWaterOther Rent Unit1 1400 Rent Unit2 2195 Tenant Pays ElectricWater Tot Bldg Sq Ft 63024 Water Sewer Water - Public Zoning R3

Listing courtesy of Helen Chong of Haylen.


Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-10-23T19:39:05.093.

 
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