Okeefe Street, East Palo Alto, CA 94303
Sixteen-unit apartment building with expansion potential near Silicon Valley hubs.
- Added:
- May 5, 2025
- Days on Market:
- 401
- Last Refresh:
- Apr 5 at 8:41 pm
Property Features for Okeefe Street
General Information
- Standard status
- Active
- Size
- 20,774 SF
- Lot size
- 0.41 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agent SCOTT KILPATRICK License #01271912
Listing office COMPASS (650) 868-0738
Listing date May 5, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of COMPASS
HighLights
- Prime location: Just 1.5 miles from downtown Palo Alto, near Stanford University, Meta, and Google headquarters.
- Significant value‑add potential through ADU development on approximately 6,000 sq ft of vacant land.
- Large two‑bedroom units offer opportunity to convert dining rooms into additional bedrooms, increasing rental income.
- Sixteen‑unit apartment building provides a substantial investment opportunity.
- Units are exclusively large two‑bedroom, one‑bathroom layouts.
- Located west of Highway 101 and north of University Avenue.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $747.9k | $36.00 |
| − Vacancy | −$29.9k | −$1.44 |
| EGI | $717.9k | $34.56 |
| − OpEx | −$323.1k | −$15.55 |
| NOI | $394.9k | $19.01 |
Alternative Uses
Current Use by Public Records
Map
- City
- East Palo Alto
- County
- Santa Clara
- State
- California
- Longitude
- -122.149
- Latitude
- 37.4619
