201 E Okeefe ST, East Palo Alto, CA 94303 – ML81968269

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Pete Ruiz

peteruiz@kw.com +1(831) 277-8712

$ 5,725,000

Est. payment | -/mo

3 Beds

2 Baths

25,285 SqFt

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$ 5,725,000

Est. payment | -/mo

Save

3 Beds

2 Baths

25,285 SqFt

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

Listed by Scott Kilpatrick • Compass

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Pete Ruiz

Agent | License ID: 01974535

peteruiz@kw.com

+1(831) 277-8712

7777 Alvarado Rd, La Mesa, CA, 91942, USA