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Listed by Michael Henshaw • Marcus & Millichap
$9,000,000
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 $402
MLS Listing ID ML82003629
HOA Y/N No
Year Built 1964
Lot Size 1.030 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Handicap Access Other
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