CA > Palo Alto
Palo Alto, CA 94301,628 Waverley ST
Palo Alto, CA 94301,628 Waverley ST
Palo Alto, CA 94301,628 Waverley ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,295,000
Est. payment /mo
5,248 Sqft Lot
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Open House

Tue Nov 18, 11:00am - 12:30pm

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82027535

HOA Y/N No

Year Built 1904

Annual Tax Amount $51,433

Lot Size 5,248 Sqft

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

Area 699 - Not Defined

Zoning CDC

Interior

Heating Electric, Space Heater

Fireplace No

Exterior

Roof Type Flat

Schools

School District Palo Alto Unified

Others

Tax ID 12016021

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Ray Rodriguez Compass

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