245 E Okeefe Street

East Palo Alto , CA 94303

MLS#: ML81991256

$5,535,000

Status: Closed
Listing number: ML81991256
Listing provided by: Compass
Listing agent phone: None
Last update: 3 months ago
On site: 6 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1963

Sq.Footage

N/A

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 for 245 OKeefe= $547976, Total Income for portfolio = $1,448,531 annually. All three buildings located within Federal designated opportunity zone.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.5234

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $5,535,000

  • Tax Amount

    73950.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    Menlo-Atherton

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Location

County

San Mateo

Elementary School

Middle School

High School

Menlo-Atherton

Listing Courtesy of Scott Kilpatrick , Compass

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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 for 245 OKeefe= $547976, Total Income for portfolio = $1,448,531 annually. All three buildings located within Federal designated opportunity zone.

245 E Okeefe Street

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