$ 6,350,000
245 E Okeefe ST East Palo Alto, CA 94303
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$ 6,350,000
Est. payment | /mo
3 Beds
2 Baths
21,526 SqFt
$ 6,350,000
Est. payment | /mo
3 Beds
2 Baths
21,526 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 21,526 sqft
Price per Sqft $294
MLS Listing ID ML81968270
Bedrooms 3
Full Baths 2
Year Built 1963
Lot Size 0.523 Acres
Property Description
Seller Carried Financing Available 35-40% Down, +/- 3.75% Interest Only Fixed for +/- Five Years. Adjacent to Menlo Park, to North and West. This amazing opportunity is tucked into a residential neighborhood just West of Hwy 101 and North of University Ave. This building consists of twenty two units, 16:1x1 and 6: 2x1 units with 24 parking stalls. All residents have access to free Wi-Fi. There are approved plans for 550 new apartments as well as community center and park just down the street. This will greatly improve the neighborhood. Very few opportunities to purchase on the West side in East Palo Alto. Currently being sold in conjunction with 20 units at 201 E. O'Keefe and 20 units at 301 E. O'Keefe. Total of 62 units, 48, 1x1, 10, 2x1 and 4 Studios, total income = $1,406,308 annually.
Location
State CA
County San Mateo
Area West Of U.S. 101
Zoning R-I-U
Interior
Heating Wall Furnace
Cooling None
Exterior
Garage Covered Parking
Utilities Available Public Utilities
Roof Type Rolled Composition,Tar and Gravel
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions Age - No Restrictions
Tax ID 063-442-280
Security Features None
Special Listing Condition Not Applicable
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Listed by Scott Kilpatrick • Compass
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Kalani Stone
Agent | Lic# CalBRE: 01336392