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$8,750,000
Est. payment /mo
22,350 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 22,350 sqft
Price per Sqft $391
MLS Listing ID ML82003629
HOA Y/N No
Year Built 1964
Lot Size 1.030 Acres
Acres 1.03
Property Sub-Type Other
Property Description
SELLER FINANCING - 10 year fixed 4% IO with 25% Down - SB 386/721 work has been done - MICHAEL HENSHAW OF Marcus & Millichap has been exclusively selected to market for sale Aequitas Apartments, a 100% affordable housing 40-unit residential community located at 1760 Bay Road in East Palo Alto, CA. Situated on 1.03 acres, this property 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. Please refer to the unit mix page for a complete breakdown of unit types. This professionally managed complex has been well maintained, with its exteriors, courtyard, and landscaping in excellent condition. Located in the heart of the Bay Area, Aequitas Apartments is a prime rental option for Peninsula residents, offering close proximity to major employers, transportation corridors, shopping, dining, and entertainment.
Location
State CA
County San Mateo
Zoning Mult
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Handicap Access Other
Building
New Construction No
Others
Tax ID 063221100
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Listed by Michael Henshaw • Marcus & Millichap
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122