Welcome to 280 E. OKeefe, a rare investment opportunity perfectly situated west of Highway 101 and north of University Avenue. This sixteen-unit apartment building offers exclusively large two-bedroom, one-bathroom units, each thoughtfully designed for comfortable living. With spacious layouts, there is excellent potential to easily convert existing dining rooms into additional bedrooms, further increasing rental income and maximizing the buildings value. The property sits on a sizable lot that includes approximately 6,000 square feet of vacant land, offering the opportunity to build additional Accessory Dwelling Units (ADUs) and dramatically enhance the income potential. Ideally located just 1.5 miles from vibrant downtown Palo Alto, 2 miles from the prestigious Stanford University campus, 3 miles to Metas global headquarters, and 4 miles to Googles headquarters, this property is at the center of Silicon Valleys most dynamic employment and innovation hubs. With strong existing fundamentals and a clear path for significant value-add through unit reconfigurations and land development. The combination of prime location, large unit sizes, and multiple expansion strategies make this a standout asset in todays competitive market.
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Listing Snapshot
Price
$4,650,000
Days On Site
85 Days
Bedrooms
N/A
Inside Area (SqFt)
20,774 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.4134 Acres
Year Built
1962
MLS® Number
ML82005518
Status
Active
Property Tax
$63,002
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.4134
Carport
20
Special Circumstances
Standard
SqFt Total
20774
Utilities
Natural Gas Available
Water Source
Public
Zoning
R2
Interior Features
Cooling
None
Heating
Central
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Exterior Features
Construction Details
Concrete
Roof
ElastomericTar/Gravel
Community Features
MLS Area
699 - Not Defined
School District
Other
Schools
School District
Other
Elementary School
Unknown
Middle School
Unknown
High School
Menlo-Atherton
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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