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Address
1331 S Wolfe RD Sunnyvale, CA
Price
$ 5,000,000
Property Attributes
  • MLS#ML81830904
  • TypeMulti-Family
  • CountySANTA CLARA
  • CitySunnyvale
  • AreaSunnyvale
  • Zip94087
  • Style
  • Price$ 5,000,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage63024
  • Lot Size3.64 Acres
Listing Provided Courtesy Of:
Helen Chong with Haylen.
Data Source:
MLSListings - 40 - CA
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.

Price History
2/23/2021 Listed $5,000,000

General Features

# of Buildings 7
Accessibility Parking
Age 48
Association Amenities Community Pool, Garden / Greenbelt / Trails, Gym / Exercise Facility
City SUNNYVALE
City Limits (y/n) Yes
Co-Listing Agent Last Name Tim
Co-Listing Agent Last Name Tran
Co-Listing Agent State License # 01784630
Complex Name Text Olive Tree Apartments
Cooling Ceiling Fan
County Santa Clara
Flooring Vinyl / Linoleum
Heating Electric
Incorporated Y/n Yes
Listing Agent State License 01700495
MLS Area Sunnyvale
Pool Features Pool - Heated, Pool - In Ground
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Roof Flat / Low Pitch
Security Features Fire Alarm
Special Listing Conditions Not Applicable
Status Active
Utilities Individual Electric Meters
Virtual Tour https://www.youtube.com/watch?v=UyAMOWsBBOM&t=149s
Water Public
Year Built 1973
Zoning Text R3

Interior Features

Living Sqft 63024
Unit 1 Rent 1400
Unit 2 Approx Square Footage 735
Unit 2 Number Of Bedrooms 2

Exterior Features

Building Area Total 63024
Foundation Details Concrete Perimeter and Slab
Lot Acres 3.6358
Lot Size Area 158374.00
Lot Size Units Square Feet
Maximum Lot Size 158374.00
Meters Master Gas, Master Water, Separate Electric
Parking Features Carport, Guest / Visitor Parking, Unassigned Spaces
Parking Spaces 66
Pool (Y/N) Yes
Sewer/Septic Sewer Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94087

Price
AVG $4.2M
$5M
Visits
AVG 57
83
Year Built
AVG 1965
1973
Walkscore
AVG 79
82
Data Provided by Walkscore ® not using MLS data

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