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280 E Okeefe St
Palo Alto, CA 94303

$4,650,000 USD

Apartments For Sale • 26,100 SF

Property Details

Property Type Apartments
Total Building Size 26,100 SF
Lot Size 0.41 AC
Building Class C
Year Built 1962

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                16 large two bedroom, one bathroom units
                            
                                West of 101 and north of University Ave.
                            
                                ±6,000 SF of vacant land with ADU potential
                            
                                New roof on one building and new electric subpanels in all units
                            
                                Tremendous upside in income 9.0% CAP / 7.51 GRM on market
                            
                                ±$224 SF well below replacement cost of ±$750 SF

Amenities

24 Hour Access
Cable Ready
Dishwasher
Disposal
Laundry Facilities
Wi-Fi
Kitchen
Hardwood Floors
Carpet
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Palo Alto Caltrain Station Southbound (Express - Caltrain (Caltrain), Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain))	6 min	-	1.9 mi
Menlo Park Caltrain Station Southbound (Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain))	8 min	-	2.7 mi
Airport	Drive	Walk	Distance
Norman Y Mineta San Jose International	21 min	-	14.9 mi
San Francisco International	27 min	-	19.1 mi
Metro Oakland International	39 min	-	27.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	26
Type:	Covered
Included in Rent:	Yes

Scott Kilpatrick 650-868-0738 Compass Commercial

280 E Okeefe St Palo Alto, CA 94303