E O’KEEFE STREET PORTFOLIO
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E O’KEEFE STREET PORTFOLIO
3 Multifamily Properties Offered at $17,800,000 in Multiple Locations
Investment Highlights
- Seller Carried Financing offered with 35-40% down at +/- 3.75% Interest Only Fixed for +/- 5 years,
- Asking price $17,800,000 / +/- $287,000 per unit / $257 Sa. Ft / Three parcels, Sixty Two Units
- Portfolio NOI Year 1 = $800,074 / Market NOI = $1,356,590
- Prime mid-peninsula location, adjacent to Palo Alto & Menlo Park,
- Huge upside in Rents Throughout Portfolio
Executive Summary
Seller Carried Financing offered with 35-40% down at +/- 3.75% Interest Only Fixed for +/- 5 years. 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 property has twenty parking stalls and an elevator
Property Facts
Price | $17,800,000 | Number of Properties | 3 |
Price / SF | $262.32 / SF | Individually For Sale | 0 |
Cap Rate | 4.49% | Total Building Size | 67,856 SF |
Sale Type | Investment | Total Land Area | 1.44 AC |
Status | Active |
Price | $17,800,000 |
Price / SF | $262.32 / SF |
Cap Rate | 4.49% |
Sale Type | Investment |
Status | Active |
Number of Properties | 3 |
Individually For Sale | 0 |
Total Building Size | 67,856 SF |
Total Land Area | 1.44 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
Two O One O'Keefe
201 E Okeefe St, Palo Alto, CA 94303 |
Multifamily | 27,384 SF | 1962 | - |
Kojii Apartments
301 O'Keefe Rd, East Palo Alto, CA 94303 |
Multifamily | 17,879 SF | 1963 | - |
245 E Okeefe St, East Palo Alto, CA 94303 | Multifamily | 22,593 SF | 1963 | - |
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E O’KEEFE STREET PORTFOLIO
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