280 E Okeefe ST new Save Request In-Person Tour Request Virtual Tour
East Palo Alto,CA 94303
Key Details
Property Type Multi-Family, 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
Originating Board MLSListings, Inc.
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
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
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
Special Listing Condition Not Applicable