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$ 4,650,000
Est. payment | /mo
0.41 Acres Lot
$ 4,650,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82005518
HOA Y/N No
Year Built 1962
Annual Tax Amount $63,002
Lot Size 0.413 Acres
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 699 - Not Defined
Zoning R2
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Carport Spaces 20
Utilities Available Natural Gas Available
Roof Type Elastomeric,Tar/Gravel
Building
Water Public
Schools
High Schools Menlo-Atherton
School District Other
Others
Tax ID 063441150
Special Listing Condition Standard
Listed by Scott Kilpatrick • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "