East Palo Alto Multifamily
For Sale
$3,000,000
Pending
Cooley Avenue, East Palo Alto, CA 94303
12-unit multifamily property in East Palo Alto with value-add potential.
Property Size6,132 SF
Lot Size0.63 Acres
Days on Market441
Property Features for Cooley Avenue
General Information
Standard status
Pending
Size
6,132 SF
Lot size
0.63 Acres
Property subtype
Commercial
Amenities
Coin Operated
Composition Roof
Parking Lot
Tile Flooring
Wall Furnace Heating
Building Details
Year Built
1957
Listing Agency:
KW SANTA CLARA VALLEY INC
Listed By:
SERGIO SANCHEZ · License #01422173
(408) 420-3368
Source:
Corcoran
Added: Aug 8, 2025
Changed: Oct 7
Last Checked: Oct 20 at 8:24PM
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 KW SANTA CLARA VALLEY INC
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Investment Insights
Based on property information with market context.
Located on the West Side in East Palo Alto, this property features 12 one-bedroom, one-bathroom units, complemented by 12 parking spaces. The sale includes two parcels. Part of the Woodland Park Multifamily Portfolio, this property is situated in a sought-after area of the Peninsula, between University Avenue and Embarcadero Road. The property is adjacent to Woodland Creek, marking the boundary between Crescent Park in Palo Alto and East Palo Alto. With convenient access to Highway 101, residents are close to Palo Alto and Menlo Park. This property offers an opportunity to add value to each unit. Located in an Opportunity Zone, the Woodland Park Portfolio offers potential for future growth and investment benefits. The property size is 6,132 square feet.
Key Highlights
- Located on the West Side in East Palo Alto, near the affluent Crescent Park neighborhood of Palo Alto.
- Portfolio includes 12: 1x1 units with 12 parking spaces.
- Two parcels included in the sale (APN 063‑513‑890 & APN 063‑513‑900).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,557
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,331,140
$2.3M
Cap Rate 7%
$1,665,100
$1.7M
Cap Rate 9%
$1,295,078
$1.3M
Market Conditions
NOI Build-Up for 6,132 SF
Gross rent
$220.8K $36.00/SF
− Vacancy
−$8.8K −$1.44/SF
EGI
$211.9K $34.56/SF
− OpEx
−$95.4K −$15.55/SF
NOI
$116.6K $19.01/SF
Area
Santa Clara County, CA
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,331,140
Cap Rate 7%
$1,665,100
Cap Rate 9%
$1,295,078
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.94M
NOI $116,557 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,139 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit multifamily property in East Palo Alto with value-add potential.
Where is this apartment building located?
The property is located at Cooley Avenue East Palo Alto, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Located on the West Side in East Palo Alto, near the affluent Crescent Park neighborhood of Palo Alto.; Portfolio includes 12: 1x1 units with 12 parking spaces.; Two parcels included in the sale (APN 063‑513‑890 & APN 063‑513‑900).
