Homes for sale - 280 E Okeefe ST, East Palo Alto, CA 94303

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Tim Alford & Faye Bon

homes@alfordbon.com +1(408) 832-7698

Listed by Scott Kilpatrick • Compass

$ 4,650,000

Est. payment | -/mo

2 Beds

1 Bath

20,774 SqFt

Save

$ 4,650,000

Est. payment | -/mo

Save

2 Beds

1 Bath

20,774 SqFt

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

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Tim Alford & Faye Bon

REALTOR® | Lic# 01507448 | 01746037

homes@alfordbon.com

+1(408) 832-7698

518 N Santa Cruz Ave, Los Gatos, CA, 95030, USA

280 E Okeefe ST East Palo Alto, CA 94303

Tim Alford & Faye Bon

Key Details

Location

Rooms

Interior

Exterior

Building

Others

280 E Okeefe ST