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Ryan Mull

rkp@therealtysociety.com +1(408) 805-0359

Listed by Ray Rodriguez • Compass

$ 4,295,000

Est. payment | -/mo

3 Beds

3 Baths

4,200 SqFt

Save

$ 4,295,000

Est. payment | -/mo

Save

3 Beds

3 Baths

4,200 SqFt

Open House

Wed Nov 19, 11:00am - 12:30pm

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $1,022

MLS Listing ID ML82027535

Style Flat

Bedrooms 3

Full Baths 3

Year Built 1904

Lot Size 5,250 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 Downtown Palo Alto

Zoning CDC

Interior

Heating Electric, Space Heater

Cooling Ceiling Fan

Flooring Carpet, Hardwood, Vinyl / Linoleum

Laundry Washer / Dryer, Washer/Dryer - Some Units

Exterior

Parking Features Detached Garage, On Street

Utilities Available Public Utilities

Roof Type Flat / Low Pitch,Rolled Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Private

Water Private / Mutual

Architectural Style Flat

Others

Tax ID 120-16-021

Special Listing Condition Not Applicable

GET MORE INFORMATION

Ryan Mull

Broker-Associate | Lic# 01329887

rkp@therealtysociety.com

+1(408) 805-0359

42 Martin St Gilroy, CA, 95020

628 Waverley ST Palo Alto, CA 94301

Ryan Mull

Open House

Key Details

Location

Interior

Exterior

Building

Others

628 Waverley ST