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$9,000,000
Est. payment /mo
1.03 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82003629
HOA Y/N No
Year Built 1964
Annual Tax Amount $2,662
Lot Size 1.030 Acres
Property Description
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 pristine condition. A key investment advantage is the high percentage of tenants with subsidized rental payments, providing stable income and valuable tax incentives. 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 Multi-Family Dwelling
Interior
Fireplace No
Exterior
Carport Spaces 47
Roof Type Composition
Schools
School District Other
Others
Tax ID 063221100
Special Listing Condition Standard
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Listed by Michael Henshaw Marcus & Millichap
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