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    Bay Rd East Palo Alto, CA 94303

    For Sale
    $8,750,000

    40-unit apartment complex in the heart of the Bay Area.

    Property size:
    22,350 SF
    Lot size:
    1.03 Acres

    Property Features for Bay Rd

    General Information

    Standard status
    Active
    Size
    22,350 SF
    Lot size
    1.03 Acres

    Building Details

    Year built
    1964

    Source: MARCUS & MILLICHAP Agent MICHAEL HENSHAW

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

    Overview

    East Palo Alto Multifamily Investment

    Aequitas Apartments, a 100% affordable housing residential community, is available for sale. Located at Bay Road in East Palo Alto, CA, the property sits on 1.03 acres. Constructed in 1964, the complex features approximately 22,350 rentable square feet across 40 units. The unit mix includes studio, one-bedroom, and two-bedroom floor plans. The exteriors, courtyard, and landscaping are in excellent condition due to professional management and maintenance. Situated in the heart of the Bay Area, Aequitas Apartments is near major employers, transportation, shopping, dining, and entertainment. SB 386/721 work has been completed.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    East Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.1765645
    Latitude
    37.4760124

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    FAQs

    What type of property is this?
    Apartment building - 40-unit apartment complex in the heart of the Bay Area.
    Where is this apartment building located?
    The property is located at Bay Rd East Palo Alto, CA.
    What is the asking price?
    The asking price for this property is $8,750,000.
    What are key features of this property?
    This property features: - Seller financing available: 10-year fixed at 4% interest-only with 25% down.; - 100% affordable housing 40-unit residential community.; - SB 386/721 work has been completed.
    Request Owner's contact information
    Bay Rd 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
    Bay Rd East Palo Alto, CA 94303
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