245 Okeefe Street, East Palo Alto, CA 94303
  • MLS#: ML81968270 ( )
  • Street Address: 245 Okeefe Street
  • Viewed: 1
  • Price: $6,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 164
  • Additional Information
  • County: SANTA CLARA
  • City: East Palo Alto
  • Zipcode: 94303
  • Provided by: Compass
  • Contact: Scott Scott
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 21526.00
Carport Spaces
  1. 26.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 13000.00
Otherexpense
  1. 19027.00
Parcel Number
  1. 063442280
Roof
  1. Tar/Gravel
Totalexpenses
  1. 209534.00
Trash Expense
  1. 7979.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. R-I-U