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Listed by Daniel Fitzpatrick • Compass
$ 7,000,000
Est. payment /mo
Active Under Contract
315 E Okeefe St East Palo Alto, CA 94303
28,479 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 28,479 sqft
Price per Sqft $245
MLS Listing ID 41122067
HOA Y/N No
Year Built 1964
Lot Size 0.875 Acres
Property Sub-Type 5 or More Units
Source CONTRA COSTA
Property Description
Rare opportunity to own an impeccably maintained, 38 unit apartment complex in East Palo Alto featuring a mix of one and two bedroom units. Known as "The Ardmore," the .88 acre lot includes gated entry and exit driveways, leading to the lower parking level with 42 spaces. The property is in outstanding condition, with many major improvements completed recently including the roof, drainage, water boiler and seismic retrofitting. Amenities include a central pool with newly installed gate, private balconies (recently inspected and compliant) and an on-site laundry room which produces additional income. Located west of Hwy 101 and north of University Ave, the property is conveniently located near major employment, retail and education hubs. Situated only 2 miles from Stanford University, 2.5 miles from Meta headquarters and 5.5 miles to Google headquarters, the complex is in the heart of the bustling Silicon Valley corridor.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling None
Flooring Other
Fireplace No
Laundry Coin Operated
Building
Lot Description Security Gate
Others
Special Listing Condition Standard
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