245 E Okeefe Street
East Palo Alto, CA 94303
0.52 acres | #ML81968270
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 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 = $1,406,308 annually.
Property Details
- High SchoolMenlo-Atherton
- Property SubtypeCommercialSale
- Original List Price$6,350,000
- MLS #ML81968270
- MLS #ML81968270
- CountySan Mateo
- Property TypePurchase
- Taxes Annual$82,833
- Cost6350000
- Acres0.5234
- Utility SourcePublic
- School DistrictOther
- Year Built1963
Location
Legal
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Listing Courtesy
Listing Agent: Scott Kilpatrick (#ML5100620)
Listing Office: Compass (#ML5014372)
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