315 E Okeefe St - Apartments FOR SALE


Palo Alto, CA 94303
$9,000,000 USD
925-282-0483
315 E Okeefe St, Palo Alto, CA for Sale
$9,000,000 USD
Apartments - FOR SALE
1/44
null | 5% Cap Rate

315 E Okeefe St
Palo Alto, CA 94303


OVERVIEW

Introducing The Ardmore, an impeccably maintained, 38 unit apartment complex in East Palo Alto featuring a mix of one and two bedroom units. 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.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

38

PRICE/UNIT

$236,842

CAP RATE

5%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Ardmore

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

R-HD-5 –

APN/PARCEL ID

063-442-350

ASK ABOUT THIS PROPERTY

Dan FitzpatrickCompass CommercialMore Info
925-282-0483

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Dan FitzpatrickCompass CommercialMore Info
925-282-0483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.