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$5,725,000

Est. payment - /mo

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0.46 Acres Lot

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301 E Okeefe ST East Palo Alto, CA 94303

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Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

UPDATED:

09/30/2024 05:39 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81968271

HOA Y/N No

Year Built 1963

Annual Tax Amount $74,802

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 two 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 = $1,406,308 annually.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 22

Roof Type Concrete

Building

Water Public

Schools

High Schools Menlo-Atherton

School District Other

Others

Tax ID 063442180

Special Listing Condition Standard

Listed by Scott Kilpatrick • Compass

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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Jerry And Rachel Team Hsieh

301 E Okeefe ST East Palo Alto, CA 94303

Jerry And Rachel Team Hsieh

Key Details

Location

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301 E Okeefe ST