$6,350,000
245 E Okeefe ST East Palo Alto, CA 94303
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$6,350,000
Est. payment /mo
21,526 SqFt
Active
245 E Okeefe ST East Palo Alto, CA 94303
UPDATED:
09/30/2024 05:39 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,526 sqft
Price per Sqft $294
MLS Listing ID ML81968270
HOA Y/N No
Year Built 1963
Annual Tax Amount $82,833
Lot Size 0.523 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 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 = $1,406,308 annually.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-I-U
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 26
Roof Type Tar/Gravel
Building
Water Public
Schools
High Schools Menlo-Atherton
School District Other
Others
Tax ID 063442280
Special Listing Condition Standard
Listed by Scott Kilpatrick • Compass