Michael Henshaw of Marcus & Millichap has been exclusively selected to market for sale Aequitas Apartments, a 40-unit residential community located at 1760 Bay Road in East Palo Alto, California. Seller financing is offered, with a 25% down payment at 4% interest for only 10 years with no prepayment.
Situated on 1.03 acres, Aequitas Apartments was originally constructed in 1964 and offers approximately 22,350 rentable square feet, featuring a mix of studio, one-bedroom, and two-bedroom floor plans.
This professionally managed, well-maintained complex's exteriors, courtyard, and landscaping are in pristine condition. The property is operated under the San Mateo County Affordable Housing use agreement per SB 1482, which states that 100% affordable housing properties are exempt from local rent control.
Located in the heart of the Bay Area, Aequitas Apartments is a prime rental option for Peninsula residents, offering proximity to major employers, transportation corridors, shopping, dining, and entertainment.