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Listed by Scott Kilpatrick • Compass
Bought with Andres Lopez • Marcus & Millichap
Bought with Andres Lopez • Marcus & Millichap
$ 4,800,000
$ 5,050,000 5.0%
Est. payment /mo
Sold on 04/18/2025
301 E Okeefe Street East Palo Alto, CA 94303
17,879 SqFt
UPDATED:
Key Details
Sold Price $4,800,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 17,879 sqft
Price per Sqft $268
MLS Listing ID ML81991246
Sold Date 04/18/25
HOA Y/N No
Year Built 1963
Lot Size 0.458 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
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 units, 16:1x1 and 4: Studio units with 22 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 22 units at 245 E. O'Keefe. Total of 62 units, 48, 1x1, 10, 2x1 and 4 Studios, total income = $ 424,780 annually. Total Portfolio income = $1,448,531 All three buildings located within Federal designated opportunity zone.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Building
Water Public
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