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Multifamily

Erimar Apartments

767 S Wolfe Rd, Sunnyvale, CA 94086

Listing Price: $8,495,000

Cap Rate
3.15%
Number of Units
18
Occupancy
97.0%
Price/Unit
$471,944

Investment Overview

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 Sunnyvale’s 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 due to close proximity to major employers, shopping, dining, and entertainment options.

Investment Highlights

  • Exceptional South Bay Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in Silicon Valley
  • Desirable Unit Mix - Erimar Apartments offers beautifully designed two-bedroom and three-bedroom floor plans that feature modern unit amenities
  • Extensive Capital Improvements - Select units have recently undergone interior renovations including modern high-end finishes, attractive updated kitchens, appliances and flooring
  • Convenient Community Amenities - Including a sunny community courtyard, a sparkling pool, covered parking and a laundry facility

Exclusively Listed By

Multifamily

Erimar Apartments

Listing Price: $8,495,000

Cap Rate
3.15%
Number of Units
18
Occupancy
97.0%
Price/Unit
$471,944

Investment Highlights

  • Exceptional South Bay Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in Silicon Valley
  • Desirable Unit Mix - Erimar Apartments offers beautifully designed two-bedroom and three-bedroom floor plans that feature modern unit amenities
  • Extensive Capital Improvements - Select units have recently undergone interior renovations including modern high-end finishes, attractive updated kitchens, appliances and flooring
  • Convenient Community Amenities - Including a sunny community courtyard, a sparkling pool, covered parking and a laundry facility

Investment Overview

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 Sunnyvale’s 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 due to close proximity to major employers, shopping, dining, and entertainment options.

Exclusively Listed By

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