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3Beds
2Baths
63024SqFt
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Yamina Wu
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Property Type: Commercial
Sub Type: Five or More Units
Listing Status: Active
Purchase Type: For Sale
Square Footage: 63,024 sqft
Price per Sqft: $79
Lot Size: 3.636 Acres
Year Built: 1973
MLS Listing ID: ML81830904
Bedrooms: 3
Full Baths: 2
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.
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