$5,725,000
201 E Okeefe ST East Palo Alto, CA 94303
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$5,725,000
Est. payment /mo
3 BD
2 BA
25,285 SqFt
Active
201 E Okeefe ST East Palo Alto, CA 94303
UPDATED:
09/27/2024 09:12 PM
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 25,285 sqft
Price per Sqft $226
MLS Listing ID ML81968269
Bedrooms 3
Full Baths 2
Year Built 1962
Lot Size 0.458 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 units, 16:1x1 and 4: 2x1 units. This building has an elevator and pool, as well as 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 22 units at 245 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
Interior
Heating Wall Furnace
Cooling None
Laundry Coin Operated, Washer / Dryer
Exterior
Garage Covered Parking
Pool Pool - In Ground
Community Features Elevator, Other
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Elastomeric,Polyurethane,Rolled Composition
Building
Foundation Quake Bracing
Sewer Sewer - Public
Water Public
Others
Tax ID 063-442-270
Security Features Security Service
Special Listing Condition Not Applicable
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Listed by Scott Kilpatrick • Compass
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