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.
Sold for $5,280,000
$5,280,000
E Okeefe St, Palo Alto, CA 94303
3beds
2baths
21,526sqft
Five Or More Units, Residential Income
Built in 1963
-- sqft lot
$5,084,900 Zestimate®
$245/sqft
$2,955 Estimated rent
Home value
$5,084,900
$4.63M - $5.59M
$2,955/mo
Zestimate® history
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$33,652/mo
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Zillow last checked:
Listing updated:
Listed by:
Scott Kilpatrick 01271912 650-868-0738,
Compass 650-462-1111
Bought with:
Andres Lopez, 01936458
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML81991256
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Features
- Doors: None
Interior area
- Total structure area: 21,526
- Total interior livable area: 21,526 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.52 Acres
Details
- Parcel number: 063442280
- Zoning: R-I-U
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition, RolledHotMop, TarGravel
Condition
- Year built: 1963
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public
Community & HOA
HOA
- Amenities included: None
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $245/sqft
- Date on market: 1/22/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 4/18/2025 | Sold | $5,280,000-4.6%$245/sqft |
Source:  MLSListings Inc #ML81991256 Report a problem | ||
| 4/17/2025 | Pending sale | $5,535,000$257/sqft |
Source: MLSListings Inc #ML81991256 Report a problem | ||
| 1/22/2025 | Listed for sale | $5,535,000$257/sqft |
Source: MLSListings Inc #ML81991256 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Duveneck - St. Francis
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Nearby schools
GreatSchools rating
- 9/10Duveneck Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Frank S. Greene Jr. MiddleGrades: 6-8Distance: 0.9 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- High: MenloAthertonHigh
- District: RavenswoodCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$5,084,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$5,084,900
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