301 E Okeefe ST Active Save Request In-Person Tour Request Virtual Tour
East Palo Alto,CA 94303
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 17,879 sqft
Price per Sqft $282
MLS Listing ID ML81991246
Bedrooms 1
Full Baths 2
Year Built 1963
Lot Size 0.458 Acres
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
Area West Of U.S. 101
Zoning R
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Carpet,Laminate,Vinyl / Linoleum
Laundry Coin Operated
Exterior
Parking Features Assigned Spaces,Carport
Community Features Elevator
Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Restrictions Age - No Restrictions
Tax ID 063-442-180
Miscellaneous None
Security Features Security Fence
Special Listing Condition Not Applicable