East Palo Alto Multifamily
Cooley Avenue East Palo Alto, CA 94303
Cooley Avenue, East Palo Alto, CA, 94303
$3,000,000
Pending
For Sale
$3,000,000
Pending
12-unit multifamily property in East Palo Alto with value-add potential.
Property Size6,132 SF
Lot Size0.63 Acres
Days on Market349
Property Features for Cooley Avenue
General Information
- Standard status
- Pending
- Size
- 6,132 SF
- Lot size
- 0.63 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agency
KW SANTA CLARA VALLEY INC
(408) 420-3368
Listed by
SERGIO SANCHEZ · License #01422173
Source
Corcoran
Added: Aug 8, 2025 Updated: Jul 10 at 12:47PM Checked: Jul 21 at 5:26AM
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
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).
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 | $220.8k | $36.00 |
| − Vacancy | −$8.8k | −$1.44 |
| EGI | $211.9k | $34.56 |
| − OpEx | −$95.4k | −$15.55 |
| NOI | $116.6k | $19.01 |
6,132 SF · lease $36.00/SF/yr · vacancy 4.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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).
