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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

    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.

    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#: ML81991246MLS Logo

    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