301 E Okeefe Street Active

East Palo Alto,CA 94303

$ 5725000

- Bed

- Bath

17879 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 17,879 sqft

Price per Sqft $320

MLS Listing ID ML81968271

Year Built 1963

Lot Size 0.458 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 4: Studio units with 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 20 units at 201 E. O'Keefe and 22 units at 245 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

Interior

Heating Wall Furnace

Cooling None

Laundry Coin Operated

Building

Water Public

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