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    Okeefe St East Palo Alto, CA 94303

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    For Sale
    $4,650,000

    Sixteen-unit apartment building with expansion potential near Silicon Valley hubs.

    Property size:
    20,774 SF
    Lot size:
    0.41 Acres

    Property Features for Okeefe St

    General Information

    Standard status
    Active
    Size
    20,774 SF
    Lot size
    0.41 Acres

    Building Details

    Year built
    1962

    Source: COMPASS Agent SCOTT KILPATRICK

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Palo Alto Multifamily Investment

    Located west of Highway 101 and north of University Avenue, this sixteen-unit apartment building features exclusively large two-bedroom, one-bathroom units. The units are designed with spacious layouts, presenting the potential to convert existing dining rooms into additional bedrooms to increase rental income. The property includes approximately 6,000 square feet of vacant land, offering the opportunity to build additional Accessory Dwelling Units (ADUs) and enhance the income potential. Situated 1.5 miles from downtown Palo Alto, 2 miles from Stanford University, 3 miles from Meta's global headquarters, and 4 miles from Google's headquarters, the property is centrally located to Silicon Valley's employment and innovation hubs. The property sits on a lot of 20774 square feet. The combination of location, unit sizes, and expansion strategies make this a standout asset.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    East Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.149043
    Latitude
    37.4619

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    FAQs

    What type of property is this?
    Apartment building - Sixteen-unit apartment building with expansion potential near Silicon Valley hubs.
    Where is this apartment building located?
    The property is located at Okeefe St East Palo Alto, CA.
    What is the asking price?
    The asking price for this property is $4,650,000.
    What are key features of this property?
    This property features: - 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.
    Request Owner's contact information
    Okeefe St East Palo Alto, CA 94303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Okeefe St East Palo Alto, CA 94303
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