245 E Okeefe ST, EAST PALO ALTO CA, 94303

Active

245 E Okeefe ST

EAST PALO ALTO CA, 94303

$5,535,000

$257.13 per sqft

Active

21,526 sqft

Multi-family

Built in 1963

Listed by Compass, Scott Kilpatrick, Listing Contact: 6508680738

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.

ML81991256

MLSⓇ ID

January 22, 2025

Listed

January 24, 2025

Updated

Map

245 E Okeefe ST
EAST PALO ALTO CA, 94303

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: No

Exterior/Building Features

Lot Size: 0.52 Acres
Roof: Composition, Tar/Gravel
Sewer: Public Sewer

School Information

School District: Ravenswood City Elementary
High School: Menlo-Atherton High

Other Property Details

Area Name: West of U.S. 101
Garage: No
Parking Total: 4
View: No
County: San Mateo
Water Source: Public
Pool: No
Zoning: R-I-U

Listed by Compass, Scott Kilpatrick,
Listing Contact: 6508680738

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than The Doran Team are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

Data last updated 5:08 PM UTC, 1/24/2025