1760 Bay Rd - Apartments FOR SALE


East Palo Alto, CA 94303
$9,000,000 USD
650-269-6453
1760 Bay Rd, East Palo Alto, CA for Sale
$9,000,000 USD
Apartments - FOR SALE
1/2
null | 3.22% Cap Rate

1760 Bay Rd
East Palo Alto, CA 94303


HIGHLIGHTS

  • 100% Affordable Housing Income - Subsidized rents offering stable income and valuable tax incentives
  • Situated between San Francisco & San Jose, and neighbors Palo Alto. Central to Silicon Valley employers such as Meta, Amazon, NVDIA, Apple, Adobe, etc
  • Professionally Managed - Recent inspections and repairs

OVERVIEW

Marcus & Millichap has been exclusively selected to market for sale Aequitas Apartments, a 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.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$464 USD /SF

# OF UNITS

40

PRICE/UNIT

$225,000

CAP RATE

3.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aequitas Aparments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

101

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,836 SF

ZONING

R30000

APN/PARCEL ID

063-221-100

ASK ABOUT THIS PROPERTY

Michael HenshawMarcus & MillichapMore Info
650-269-6453

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Michael HenshawMarcus & MillichapMore Info
650-269-6453

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.