Active

245 E Okeefe Street

East Palo Alto CA, 94303

$6,350,000


$294.99 per sqft

Active

21,526 sqft

Commercial

Built in 1963

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.

ML81968270

MLS ID

June 4, 2024

Listed

October 14, 2024

Updated

Map

245 E Okeefe Street
East Palo Alto CA, 94303

Interior Features

Appliances

Refrigerator


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.52 Acres


Roof

Rolled/Hot Mop, Tar/Gravel


Sewer

Public Sewer

Other Property Details

Area Name

East Palo Alto


Garage

No


Parking

Covered


View

No


County

San Mateo


Water Source

Public


Pool

No


Zoning

R-I-

Listed by Scott Kilpatrick with Compass
Listing Contact: 650-868-0738 

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