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Listed by Scott Kilpatrick • Compass
$4,650,000
Est. payment /mo
20,774 SqFt
New
280 E Okeefe Street East Palo Alto, CA 94303
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 20,774 sqft
Price per Sqft $223
MLS Listing ID ML82005518
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1962
Lot Size 0.413 Acres
Property Sub-Type Other
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
Interior
Heating Forced Air
Cooling None
Flooring Hardwood, Laminate, Tile
Fireplace No
Appliance Refrigerator
Exterior
View City Lights
Building
Water Public
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