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Listed by Ray Rodriguez • Compass
$4,295,000
Est. payment /mo
4,200 SqFt
New
628 Waverley Street Palo Alto, CA 94301
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $1,022
MLS Listing ID ML82027535
HOA Y/N No
Year Built 1904
Lot Size 5,250 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Step into one of Palo Altos most distinctive multifamily opportunities. Located at 628 Waverly Street, this two-story, 14-unit property sits just one block from Downtown Palo Alto, offering unmatched walkability to world-class dining, entertainment, and major tech and academic employers. The building features a desirable unit mix consisting of (1) 2 bed/ 1 bath, (3) 1 bed/ 1 bath, and (10) studio units, appealing to a wide range of tenants in a market known for strong occupancy and premium rents. Five units are located on the ground floor and nine on the second floor, including the majority of the studio residences. A standout component of the building is Unit C, the propertys only two-bedroom unit, which offers a rare two-level configuration with living space on the first floor and a finished basement serving as an additional living and bedroom area. Unit E also offers a unique layout, being on the first floor, and its bathroom located on the upper level and exclusive to that studio. The property includes a shared laundry room, a garage currently utilized by the owner, and a spacious basement used for management storage and five water heaters servicing the building. Added income exists through the implementation of RUBS utility bill-back, enhancing operating performance.
Location
State CA
County Santa Clara
Interior
Heating Electric, Space Heater
Cooling Ceiling Fan(s)
Flooring Hardwood
Fireplace No
Exterior
Handicap Access Other
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