479 E O'keefe Street, East Palo Alto, California 94303, East Palo Alto, 94303 - 0 bed, 0 bath
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East Palo Alto, California 94303
Analysis of 479 E O'keefe Street, East Palo Alto, California 94303 is currently available with a list price of $1,299,921. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the East Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1964 (60 years old) with no evidence of recent major renovations. The listing description explicitly highlights 'untapped potential for remodeling or redevelopment' and 'bring your creativity,' which are industry indicators for a property requiring significant rehabilitation and modernization of systems and interiors.
As a quadruplex, this property offers a flexible 'house hacking' opportunity where an owner can occupy one unit while generating rental income from the remaining three to offset ownership costs.
The property is ideally situated with easy access to major Silicon Valley tech hubs, transportation, and dining, ensuring high desirability and consistent tenant demand.
With explicit potential for remodeling or redevelopment, investors can leverage the untapped upside to modernize the units and significantly increase the property's long-term valuation.
The projected cap rate of approximately 3.3% is only achievable once all units are at market rent, indicating a relatively low immediate return on investment for the purchase price.
Built in 1964 and marketed as a redevelopment opportunity, the property likely requires substantial capital expenditure for repairs and modernization to meet current market standards.
Unlock the potential of 479 E. O'Keefe Street, an exciting opportunity in the heart of East Palo Alto. Conveniently located with easy access to major tech hubs, shopping, dining, and transportation. Occupy one and rent the other 3 for ease of ownership in an evolving community. As an investor, developer, or homeowner, dream big and realize the untapped potential for remodeling or redevelopment. Bring your creativity to make the most of an incredible East Palo Alto address. Don't wait seize this chance to shape your future today! Unit one is owner occupied and isn't included in the income totals. With Unit One leased and rents more in line with market rate, the cap rate would increase to approximately 3.3%+/-.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,306 | - |
| Lot Size | 4,873 | - |
| Price | $1.30M | $998.0K |
| Price per sq ft | $302 | $542 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 42 | 53 |
Jul 17, 2026
$1,299,921
$1,498,941
-13% Price Drop
Initial Listing
Jun 29, 2026
$1,498,941
$1,699,961
-12% Price Drop
Initial Listing
Jun 10, 2026
$1,699,961
Initial Listing