245 E Okeefe ST, East Palo Alto, CA 94303

$5,280,000
21,526
SqFt

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Listed by Scott Kilpatrick, 650-868-0738 from Compass
(If provided) CoList: from

Sold listing courtesy of Andres Lopez from M&MKW

Sold Price
$5,280,000
List Price
$5,535,000
Closing Date
Apr 18, 2025
MLS#
ML81991256
Status
SOLD
Sqft. of Residence
21,526
Lot Size
22,800
Listing Area
West Of U.S. 101
Year Built
1963

Property Description

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 for 245 OKeefe= $547976, Total Income for portfolio = $1,448,531 annually. All three buildings located within Federal designated opportunity zone.

Additional Information

Acres
0.52
Age
62
Cooling System
Window / Wall Unit
Days On Market
Unknown
Foundation
Concrete Perimeter and Slab
Garage Parking
Carport
Heating System
Wall Furnace
Living Area
21,526
Lot Size
22,800
Neighborhood
West Of U.S. 101
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Composition, Rolled Composition, Tar and Gravel
Sewer
Sewer - Public
Zoning
R-I-U

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