Beds
Baths
22,350 Sq. Ft.
$391 / Sq. Ft.
22,350
Sq. Ft.
$391
per Sq. Ft.

Description

SELLER FINANCING - 10 year fixed 4% IO with 25% Down - SB 386/721 work has been done - MICHAEL HENSHAW OF 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...SELLER FINANCING - 10 year fixed 4% IO with 25% Down - SB 386/721 work has been done - MICHAEL HENSHAW OF 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 excellent condition. 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.
  1. Listed by Michael Henshaw • DRE #01134592 • Brokerage DRE #01240999 • Marcus & Millichap • 650-269-6453

Property Details for 1760 Bay Road

MLS City Name
EAST PALO ALTO
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 11/08/2025 11:39 PM

Property Details for 1760 Bay Road

StatusActive
MLS #ML82003629
Days on Compass269
Taxes$2,662 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1964
Lot Size1.03 AC / 44,866 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592
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Building Information for 1760 Bay Road

Stories-Residences-Year Built1964Building Size-Lot Size1.03 AC / 44,866 SF

Payment Calculator

$42,868 per month

30 year fixed, 6.15% Interest

Principal and Interest

$42,646

Property Taxes

$222

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1760 Bay Road

Features
Features
  • Fireplace: No
  • Living SqFt: 22350
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Other
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 47
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 40
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 1760
  • Street Name: Bay
  • Street Suffix: Road
  • Area ID: 999
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 22350
  • Structure SqFt Source: Other
  • Age: 61
Development Information
  • Zoning Detail: Multi-Family Dwelling
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 063-221-100
  • County Name: San Mateo
  • City Name: EAST PALO ALTO
  • City Postal ID: 16
  • Postal Code: 94303
  • Elementary School District: 934
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Other
  • Lot Acres: 1.03
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 40
General Information
  • Annual Tax Amount: $2,662
  • Capitalization Rate: 3.57
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Laundry, Other
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $9,711
  • Expense Landscape: $3,900
  • Expense Maintenance: $26,192
  • Expense Management: $19,720
  • Expense Trash: $14,205
  • Expenses Other: $91,658
  • Expenses Utility: $26,147
  • Expenses Total: $194,195
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - On-Site Manager, Services - Trash Removal, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 16.93
  • Income Annual Gross: $506,361
  • Income Annual Rental: $500,688
  • Income Gross Scheduled: $516,695
  • Income Other: $16,007
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Rent: $749
Unit 2 Information
  • Unit 2 Approx Square Footage: 550
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $685
Unit 3 Information
  • Unit 3 Approx Square Footage: 800
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $964
Unit Type 1
  • Unit Type1 Approx SqFt: 400

Property History for 1760 Bay Road

DateEvent & SourcePriceAppreciation
Jul 23, 2025

Price Change

EBRD #ML82003629

$8,750,000
Jul 23, 2025

Price Change

MLSListings #ML82003629

$8,750,000
Apr 22, 2025

Listed (Active)

EBRD #ML82003629

$9,000,000
Apr 22, 2025

Listed (Active)

MLSListings #ML82003629

$9,000,000
May 12, 2020

Sold (Public Record)

Public Record #668736591

$8,450,000
DateEvent & SourcePrice
07/23/2025

Price Change

EBRD #ML82003629

$8,750,000
07/23/2025

Price Change

MLSListings #ML82003629

$8,750,000
04/22/2025

Listed (Active)

EBRD #ML82003629

$9,000,000
04/22/2025

Listed (Active)

MLSListings #ML82003629

$9,000,000
05/12/2020

Sold (Public Record)

Public Record #668736591

$8,450,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1760 Bay Road

Taxable ValueLand$4,374,583Additions$4,877,285Total$9,251,868
Tax Record2024$34,516 ($2,876 / month)
Home Facts
Total Finished SqFt19,378 SqFtAbove Grade Finished SqFt19,378 SqFtStories2Lot Size44,768 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningR30000CountySAN MATEOAPN063-221-100

Schools near 1760 Bay Road

This home is within Ravenswood City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Costano Elementary School
PublicK to 5

Aspire East Palo Alto Charter
CharterK to 8

Menlo-Atherton High School
Public9 to 12

KIPP Esperanza High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1760 Bay Road is for sale in East Palo Alto, CA 94303. This property was listed for sale on April 22, 2025 by Marcus & Millichap, it's currently listed at $8,750,000. It has been on the market for a total of 269 days and was last sold on May 12, 2020. This listing's school districts are Ravenswood City Elementary School District, Sequoia Union High School District. Nearby schools include Costano Elementary School, Aspire East Palo Alto Charter and Menlo-Atherton High School. 1760 Bay Road is a 0-bed, 0-bath, 22,350 sqft built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.