CA > East Palo Alto
East Palo Alto, CA 94303,280 E Okeefe ST
East Palo Alto, CA 94303,280 E Okeefe ST
East Palo Alto, CA 94303,280 E Okeefe ST
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Listed by Scott Kilpatrick • Compass
$4,650,000
Est. payment /mo
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2 Beds
1 Bath
20,774 SqFt
New

280 E Okeefe ST East Palo Alto, CA 94303

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Michelle Rico

Michelle Rico

+1(831) 406-2859

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Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 20,774 sqft

Price per Sqft $223

MLS Listing ID ML82005518

Bedrooms 2

Full Baths 1

Year Built 1962

Lot Size 0.413 Acres

Property Sub-Type Five or More Units

Property Description

Welcome to 280 E. OKeefe, a rare investment opportunity perfectly situated west of Highway 101 and north of University Avenue. This sixteen-unit apartment building offers exclusively large two-bedroom, one-bathroom units, each thoughtfully designed for comfortable living. With spacious layouts, there is excellent potential to easily convert existing dining rooms into additional bedrooms, further increasing rental income and maximizing the buildings value. The property sits on a sizable lot that includes approximately 6,000 square feet of vacant land, offering the opportunity to build additional Accessory Dwelling Units (ADUs) and dramatically enhance the income potential. Ideally located just 1.5 miles from vibrant downtown Palo Alto, 2 miles from the prestigious Stanford University campus, 3 miles to Metas global headquarters, and 4 miles to Googles headquarters, this property is at the center of Silicon Valleys most dynamic employment and innovation hubs. With strong existing fundamentals and a clear path for significant value-add through unit reconfigurations and land development. The combination of prime location, large unit sizes, and multiple expansion strategies make this a standout asset in todays competitive market.

Location

State CA

County San Mateo

Area West Of U.S. 101

Building/Complex Name 280 E. O'Keefe Apartments

Zoning R2

Rooms

Kitchen 220 Volt Outlet, Oven Range - Electric

Interior

Heating Central Forced Air

Cooling None

Flooring Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum

Exterior

Parking Features Carport , Covered Parking, Parking Area

Community Features None

Utilities Available Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities

View City

Roof Type Elastomeric,Rolled Composition,Tar and Gravel

Building

Foundation Raised, Reinforced Concrete

Sewer Sewer - Public

Water Public

Others

Tax ID 063-441-150

Miscellaneous None

Security Features None

Special Listing Condition Not Applicable

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Michelle Rico

Agent | DRE# DRE# 02210817

+1(831) 406-2859

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280 E Okeefe ST