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1804 Bay Rd 75 Unit Apartment Building $7,950,000 ($106,000/Unit) East Palo Alto, CA 94303
Executive Summary
Fully-entitled mixed-used development opportunity. The property is fully entitled under the State Density Bonus Law, SB 35, for the development of a 102,753 gross square foot (±73,000 net rentable) mixed-use project consisting of 75-95 residential rental units and approximately 1,900 square feet of retail space.
Property Facts
| Price | $7,950,000 | Building Class | A |
| Price Per Unit | $106,000 | Lot Size | 0.99 AC |
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 75 | Building Size | 102,753 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2027 |
| Apartment Style | Mid-Rise | ||
| Zoning | General Industrial - General Industrial | ||
| Price | $7,950,000 |
| Price Per Unit | $106,000 |
| Sale Type | Investment |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.99 AC |
| Construction Status | Proposed |
| Building Size | 102,753 SF |
| No. Stories | 6 |
| Year Built | 2027 |
| Zoning | General Industrial - General Industrial |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Pet Play Area
- Elevator
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 063-231-240 | Improvements Assessment | $0 |
| Land Assessment | $3,904,315 | Total Assessment | $3,904,315 |
Property Taxes
Parcel Number
063-231-240
Land Assessment
$3,904,315
Improvements Assessment
$0
Total Assessment
$3,904,315
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1804 Bay Rd
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