201 E Okeefe ST, East Palo Alto, CA 94303 - MLS#ML81991244

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 5,032,000

Est. payment | -/mo

3 Beds

2 Baths

25,285 SqFt

Save

$ 5,032,000

Est. payment | -/mo

Save

3 Beds

2 Baths

25,285 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 25,285 sqft

Price per Sqft $199

MLS Listing ID ML81991244

Bedrooms 3

Full Baths 2

Originating Board MLSListings, Inc.

Year Built 1962

Lot Size 0.458 Acres

Property Sub-Type Five or More Units

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

Area West Of U.S. 101

Zoning R

Interior

Heating Wall Furnace

Cooling Ceiling Fan, Window / Wall Unit

Flooring Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Covered Parking, On Street, Parking Restrictions

Garage Spaces 2.0

Pool Pool - In Ground

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Flat / Low Pitch,Rolled Composition,Tar and Gravel

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 063-442-270

Special Listing Condition Not Applicable

Listed by Scott Kilpatrick • Compass

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

201 E Okeefe ST East Palo Alto, CA 94303