CA > East Palo Alto
East Palo Alto, CA 94303,245 E Okeefe ST
East Palo Alto, CA 94303,245 E Okeefe ST
East Palo Alto, CA 94303,245 E Okeefe ST
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$6,350,000
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0.52 Acres Lot
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245 E Okeefe ST East Palo Alto, CA 94303

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Serri Rowell

Serri Rowell

+1(760) 579-2666

UPDATED:

09/30/2024 05:39 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

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

California Regional MLS (CRMLS)
Listed by Scott Kilpatrick • Compass

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Serri Rowell

Owner & Team Lead | CA BRE#01484073

+1(760) 579-2666

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245 E Okeefe ST

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