Active
245 E Okeefe ST
EAST PALO ALTO CA, 94303
$6,350,000
$294.99 per sqft
Active
21,526 sqft
Multi-family
Built in 1963
Listed by Compass, Scott Kilpatrick, Listing Contact: 6508680738
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 23, 2024
Updated
Map
245 E Okeefe ST
EAST PALO ALTO CA, 94303
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.52 Acres
Roof
Composition, Tar/Gravel
Sewer
Public Sewer
School Information
School District
Ravenswood City Elementary
High School
Menlo-Atherton High
Other Property Details
Area Name
West of U.S. 101
Garage
No
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
R-I-U
Listed by Compass, Scott Kilpatrick,
Listing Contact: 6508680738
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Data last updated 6:32 PM UTC, 10/23/2024