CA > East Palo Alto
East Palo Alto, CA 94303,245 E Okeefe ST
East Palo Alto, CA 94303,245 E Okeefe ST
East Palo Alto, CA 94303,245 E Okeefe ST
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$5,535,000
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3 BD
2 BA
21,526 SqFt
Active

245 E Okeefe ST East Palo Alto, CA 94303

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Madhu Sarkar

Madhu Sarkar

+1(650) 504-7768

UPDATED:

01/22/2025 04:21 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 21,526 sqft

Price per Sqft $257

MLS Listing ID ML81991256

Bedrooms 3

Full Baths 2

Originating Board MLSListings, Inc.

Year Built 1963

Lot Size 0.523 Acres

Property Sub-Type Five or More Units

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-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.

Location

State CA

County San Mateo

Area West Of U.S. 101

Zoning R-I-U

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Exterior

Parking Features Carport

Garage Spaces 4.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Rolled Composition,Tar and Gravel

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 063-442-280

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
© 2025 MLSListings Inc. All rights reserved.
Listed by Scott Kilpatrick • Compass

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Madhu Sarkar

Agent | License ID: 01702931

+1(650) 504-7768

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245 E Okeefe ST