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)… Read More 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. Read Less
Courtesy of Compass, Ray Rodriguez 650-405-0743
Listing Snapshot
Days Online
0
Last Updated
Property Type
Five Or More Units
Square Ft.
4,200
Lot Size
0.12 Acres
Year Built
1904
MLS Number
ML82027535
30 Days Snapshot Of 94301
$3.97M
-39%
(avg) sold price
16
+23%
homes sold
22
-33%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5250.00, Max Area Units: Square Feet, Lot is 0.12052341597796 acres
Accessibility Features
Grab Bars, Other
Unit One
Rent: $3,117, 2 bedrooms
Unit Two
Rent: $2,450, bedroom 1
Unit Three
Rent: $1,395
Building
4,200 structure square feet, Age: 121, Built in 1904, 1 building, Construction type: Wood Frame, 14 minimum units in complex
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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