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71-Unit Apartment Complex
For Sale
Contact for pricing
Pending

1640 Bay Rd, East Palo Alto, CA 94303

Three two-story buildings offer a mix of studio and one-bedroom apartments with on-site resident amenities.

Property SizeContact for details
Lot Size1.49 Acres
Days on Market142

Property Features for 1640 Bay Rd

General Information

Standard status Pending
Lot size 1.49 Acres
Property subtype Multifamily

Units

Unit Mix 56 x 1BR/1BA, 15 x studio
Multifamily Units 71

Additional Details

Highway Access Yes

Amenities

on-site laundry facilities
24-hour surveillance
patio/balconies
individually metered gas and electric
on-site/carport parking
storage units

Building Details

Buildings 3
Stories 2
Construction wood frame
Listing Agency: Colliers - San Francisco Peninsula, California
Listed By: Cory Waxman · License #01776583
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 2:46PM

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 Colliers - San Francisco Peninsula, California

Investment Insights

Based on property information with market context.

This multifamily property includes three adjacent, two-story buildings with a total of 71 apartments: 56 one-bedroom/one-bath units and 15 studios. The improvements feature wood-frame construction, stucco exteriors, flat tar-and-gravel roofs, and concrete perimeter foundations across a combined 1.49 acres. Apartments include carpeted living areas, linoleum kitchen and bathroom flooring, wall furnaces, and basic appliances.

Resident features include on-site laundry, patios or balconies, storage units, carport and on-site parking, and 24-hour surveillance. Gas and electric service are individually metered. The property sits on the east side of Highway 101 in East Palo Alto, within walking distance of Ravenswood Retail Center and across the street from IKEA. Nearby retail includes Home Depot, Best Buy, Nordstrom Rack, and Sports Authority, while Facebook, Oracle, Electronic Arts, Box, Sun Microsystems, and Google are identified as neighboring employment hubs.

Key Highlights

  • 71 apartments across three adjacent two‑story buildings
  • Unit mix includes 56 one‑bedroom/one‑bath units and 15 studios
  • Combined 1.49‑acre site with wood‑frame, stucco buildings

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Butcher Florist Computer & Electronic Repair Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

71
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

Demographics for 94303, CA

48,281
Population
15,927
Households
3
Avg Household Size
35
Median Age
48%
College-Educated
85%
High-School Grad
8.4 sq mi
ZIP Area
5,748
Density / Sq Mi
$148,031
Median Household Income
$55,788
Median Earnings
$2,710
Median Rent
$1,825,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three two-story buildings offer a mix of studio and one-bedroom apartments with on-site resident amenities.
Where is this apartment building located?
The property is located at 1640 Bay Rd East Palo Alto, CA.
What are key features of this property?
This property features: 71 apartments across three adjacent two‑story buildings; Unit mix includes 56 one‑bedroom/one‑bath units and 15 studios; Combined 1.49‑acre site with wood‑frame, stucco buildings
(650) 269-6453 Call to check price and availability
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