$8,495,000
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0.67 Acres Lot
SOLD DATE : 07/01/2022
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81885556
Sold Date 07/01/22
HOA Y/N No
Year Built 1964
Annual Tax Amount $101,999
Lot Size 0.665 Acres
Property Description
Erimar Apartments is a stunning 18-unit apartment community located at 767 S Wolfe Rd in the thriving city of Sunnyvale, California. Situated on a 28,329 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 17,354 square feet, consisting of beautifully designed two-bedroom and three-bedroom floorplans. The property features many community amenities including a sunny community courtyard, a sparkling pool, covered parking, and a laundry facility. Erimar Apartments has recently undergone interior capital improvement in select units. Interiors have been remodeled with modern high-end finishes and attractive updated kitchens including countertops, appliances and flooring. The investment appeal of this asset is driven by Sunnyvales strong employment fundamentals and low vacancy levels. With a world-class location in South Bay, this asset presents an attractive choice for South Bay renters.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 18
Roof Type Composition
Total Parking Spaces 10
Schools
School District Other
Others
Tax ID 21105007
Financing Cash
Special Listing Condition Standard
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Bought with Adam S. Levin Marcus & Millichap
