1440 Olivewood Ln | Alpine, CA 91901
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1440 Olivewood Ln
Alpine, CA 91901
New Price! Outstanding Value-Add Opportunity! · Multifamily Property For Sale
·
59 Units
INVESTMENT HIGHLIGHTS
- VALUE-ADD OPPORTUNITY WITH IMMEDIATE UPSIDE
- Property amenities include rental office, pool, spa, BBQ, open courtyards, laundry facilities, abundant off-street parking, and lush landscaping
- Strong demographics with average household income of $149,760 and average home price $1,032,855 (2024)
- High demand rental market with significant barriers to entry for new development
- One- & two-bedrooms (individually metered) featuring A/C, dishwashers, dual vanities, walk-in closets, LVP flooring, vinyl windows, balconies & patios
- Convenient access to Interstate 8 with average commute times ranging from 10-40 minutes
PROPERTY FACTS
| No. Units | 59 | Lot Size | 2.92 AC |
| Property Type | Multifamily | Building Size | 44,712 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1979 |
| Building Class | C | Parking Ratio | 1.92/1,000 SF |
| Zoning | RU | ||
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.92 AC |
| Building Size | 44,712 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | RU |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Double Vanities
- Eat-in Kitchen
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Spa
- Breakfast/Coffee Concierge
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 706 |
| 2+1 | 39 | - | 850 |
PROPERTY TAXES
| Parcel Number | 403-340-13 | Improvements Assessment | $3,148,529 |
| Land Assessment | $1,198,455 | Total Assessment | $4,346,984 |
PROPERTY TAXES
Parcel Number
403-340-13
Land Assessment
$1,198,455
Improvements Assessment
$3,148,529
Total Assessment
$4,346,984
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