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: 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 = $ 424,780 annually. Total Portfolio income = $1,448,531 All three buildings located within Federal designated opportunity zone.
Sold for $4,800,000 on 04/18/25
$4,800,000
E Okeefe St, Palo Alto, CA 94303
--beds
--baths
17,879sqft
Five Or More Units,
Built in 1963
-- sqft lot
$4,749,400 Zestimate®
$268/sqft
$4,424 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 08:20am
Listed by:
Scott Kilpatrick 01271912 650-868-0738,
Compass
Bought with:
Andres Lopez, 01936458
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML81991246

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Coin Operated
Features
- Flooring: Carpet, Laminate, Vinyl Linoleum
- Windows: None
Interior area
- Total structure area: 17,879
- Total interior livable area: 17,879 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Carport
- Has carport: Yes
Accessibility
- Accessibility features: Elevator/Lift
Lot
- Size: 0.46 Acres
Details
- Parcel number: 063442180
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units,
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition, Shingle
Condition
- Year built: 1963
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Palo Alto
Other
Other facts
- Listing agreement: ExclusiveAgency
- Listing terms: CashorConventionalLoan
Services availability
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Estimated market value
$4,749,400