245 E Okeefe Street, East Palo Alto, CA 94303

About this commercial property

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.

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$5,280,000

Sold April 2025 · listed $5,535,000, on market January 2025 · MLS #ML81991256 · Source: CRMLS

Listing Agent: Scott Kilpatrick · Listing Office: Compass · Contact: (650) 462-1111 · Bought with: Andres Lopez · Marcus & Millichap

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