1440 Olivewood Ln - Apartments FOR SALE


Alpine, CA 91901
$14,700,000 USD
760-822-9861
1440 Olivewood Ln, Alpine, CA for Sale
$14,700,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1440 Olivewood Ln
Alpine, CA 91901


HIGHLIGHTS

  • VALUE-ADD OPPORTUNITY WITH IMMEDIATE UPSIDE
  • High demand rental market with significant barriers to entry for new development
  • Property amenities include rental office, pool, spa, BBQ, open courtyards, laundry facilities, abundant off-street parking, and lush landscaping
  • One- & two-bedrooms (individually metered) featuring A/C, dishwashers, dual vanities, walk-in closets, LVP flooring, vinyl windows, balconies & patios
  • Strong demographics with average household income of $149,760 and average home price $1,032,855 (2024)
  • Convenient access to Interstate 8 with average commute times ranging from 10-40 minutes

OVERVIEW

CBRE is pleased to offer for sale Alpine Terrace Apartments, a 59-unit residential community ideally located in the heart of Alpine, California in San Diego County. Built in 1978, the property features two-story garden style walk up construction with large pool/spa area and well landscaped courtyards to create the ideal living environment. The unit mix consists of spacious one- and two-bedroom floor plans featuring central air and heat, vinyl plank flooring, upgraded vinyl windows, dual vanities, walkin closets, ranges (with hood), dishwashers, refrigerators, ceiling fans, private patios, and balconies. Common area amenities include a rental office, laundry facilities, pool, spa, outdoor living areas, BBQs, and abundant offstreet parking for all residents.

FOR SALE DETAILS

PRICE

$14,700,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

59

PRICE/UNIT

$249,153

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alpine Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

86

LAND DETAILS

LAND ACRES

2.92 AC

LAND SF

127,195 SF

ZONING

R3

APN/PARCEL ID

403-340-13

ASK ABOUT THIS PROPERTY

Philip BuckleyCBRE, Inc.More Info
760-822-9861

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Philip BuckleyCBRE, Inc.More Info
760-822-9861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.