Bought with Andres Lopez • Marcus & Millichap
$4,800,000
$5,032,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
201 E Okeefe Street East Palo Alto, CA 94303
25,285 SqFt
Key Details
Sold Price $4,800,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 25,285 sqft
Price per Sqft $189
MLS Listing ID ML81991244
Sold Date 04/18/25
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1962
Lot Size 0.458 Acres
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: 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 for 201 OKeefe= $475,776 annually, Total income for the portfolio = $1,448,531 All three buildings located within Federal designated opportunity zone.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Hardwood, Laminate, Tile
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Building
Water Public
Read Less
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.