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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
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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  • Listing ID: 32043644

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: E O’KEEFE STREET PORTFOLIO, Palo Alto, CA

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