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Listed by Scott Kilpatrick • Compass
$ 5,032,000
Est. payment | /mo
25,285 SqFt
$ 5,032,000
Est. payment | /mo
25,285 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 25,285 sqft
Price per Sqft $199
MLS Listing ID ML81991244
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1962
Lot Size 0.458 Acres
Property Sub-Type Other
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: 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 for 201 OKeefe= $475,776 annually, Total income for the portfolio = $1,448,531 All three buildings located within Federal designated opportunity zone.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Hardwood, Laminate, Tile
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Building
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767