201 Okeefe St, Palo Alto, CA 94303
3 Multifamily Properties Offered at $17,800,000 in Multiple Locations
For Sale
Active
20 pictures
Asking Price $17,800,000
- Property Type
-
Multifamily
- Square Feet
- 66,789 SF
Listing Contacts
Scott Kilpatrick
Property Overview
The East O’Keefe portfolio offers a buyer an incredible opportunity to purchase and control sixty-two units within three buildings directly adjacent to Menlo Park. The properties are currently being professionally managed by Graystar. Each building offers an opportunity for an buyer to come in and increase revenue and enhance these assets over the next few years. 201 E. O’Keefe is a twenty unit property consisting of sixteen One Bedroom, one bath units and four, Two Bedroom, One bath units, the building has twenty four parking stalls, an elevator and a pool at the rear of the property. 245 E.O’Keefe is a twenty-two unit building consisting of Sixteen One Bedroom One bath units, and six Two Bedroom One bath units. This building has twenty-six parking stalls. 301 E. O’Keefe E. O’Keefe is a twenty unit building with sixteen, One Bedroom, One bath units, and four studios. The propertyhas twenty parking stalls and an elevator
Highlights
- Prime mid-peninsula location, adjacent to Palo Alto & Menlo Park
- Asking price $17,800,000 / +/- $287,000 per unit / $257 Sa. Ft
- Three parcels, Sixty Two Units
- Huge upside in Rents Throughout Portfolio
- Portfolio NOI Year 1 = $800,074 / Market NOI = $1,356,590
- Many Interior & Exterior Updates Including Kitchens & Baths
All available spaces
- Space
- Two O One O'Keefe
- Size
- 27,384 SF
- Space Subtype
- Multifamily
- Space
- Size
- 21,526 SF
- Space Subtype
- Multifamily
- Space
- Kojii Apartments
- Size
- 17,879 SF
- Space Subtype
- Multifamily
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