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201 E Okeefe Street

East Palo Alto, CA 94303
  • $5,725,000
  • STATUS: Active
  • ON SITE: 158 Days
  • ID#: ML81968269
UPDATED: 20 min ago
$5,725,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1962
County:

School Information

High School:
School District:
Listing Agent(s): Scott Kilpatrick of Compass ((650) 462-1111)


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 units, 16:1x1 and 4: 2x1 units. This building has an elevator and pool, as well as 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 22 units at 245 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-10T18:31:09.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/151327119
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201 E Okeefe Street East Palo Alto, CA 94303

  • Price: $5,725,000
  • Status: Active
  • On Site: 158 Days
  • Updated: 20 min ago
  • ID#: ML81968269
0
Beds
0
Baths
0
½ Baths
0.46
Acres
1962
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
High School:
Menlo-Atherton
School District:
Other
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 units, 16:1x1 and 4: 2x1 units. This building has an elevator and pool, as well as 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 22 units at 245 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.
Exterior Features

Carport Spaces 24 Carport YN Yes Parking Total 2 Roof Elastomeric

Interior Features

Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 481860 Insurance Expense 12000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 15000 Other Expense 15697 Special Listing Conditions Standard Tax Annual Amount 75087 Trash Expense 7254 Water Source Public Zoning R



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-10T18:31:09.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Scott Kilpatrick of Compass ((650) 462-1111)