$4,800,000
$5,050,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
17,879 SqFt
SOLD DATE : 04/18/2025
Key Details
Sold Price $4,800,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 17,879 sqft
Price per Sqft $268
MLS Listing ID ML81991246
Sold Date 04/18/25
HOA Y/N No
Year Built 1963
Lot Size 0.458 Acres
Acres 0.46
Property Sub-Type Other
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 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.
Location
State CA
County San Mateo
Zoning R
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Exterior
Handicap Access Accessible Elevator Installed
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 063442180
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with AndresLopez
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "