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$9,000,000

Est. payment - /mo

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1.03 Acres Lot

New

1760 Bay RD East Palo Alto, CA 94303

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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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

Listed by Michael Henshaw • Marcus & Millichap

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