729 Waverley Street, Palo Alto, CA 94301
Santa Clara County
Key Facts
Description
727-729 Waverley St offers apartment investors an exceptional opportunity to acquire an income-producing property in one of the strongest rental markets in the world. Located just two blocks from the heart of downtown Palo Alto in the University South Neighborhood where only 7 multifamily (5+ units) properties have sold in the past 10 years. The property consists of six 1-bedroom, 1-bathroom units and two nonconforming bachelor studios (bedroom and bathroom only). Situated on a 7,500-square-foot lot with RM-30 zoning in the predominantly residential University South neighborhood, the property has been well maintained with updated electrical panels, a new rear stairway (all sb721 required EEEs passed inspection in "sound condition"), and numerous additional repairs completed as needed. Current rents are below market, presenting significant upside potential for a new owner, with three units immediately available for rent increases. Residents also benefit from an on-site leased coin-operated laundry facility serving all units. (note: the property address is 727-729 Waverley, 2 buildings on one lot)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1904
Living Area
3,258 sq ft
Lot Size
7,500 sq ft
Zoning
RM30
Days on Market
46
MLS® Listing#
ML82049696
Property Features
Cooling
Heating
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
12016059
Affordability Calculator
$670,000
Estimated monthly payment
$17,830/mo
Principal $2,680,000 · Est. interest $3,738,838 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Palo Alto, CA
- $1,000,000
- Median Listing Price
- 39
- Median Days on Market
- 1,570
- Median Sq Ft
- $1,252
- Median Price / Sq Ft
- 283
- Active Listings
- This home’s price is 235% above the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Palo Alto, CA.
Location
Points of Interest in Palo Alto, CA
Showing the Palo Alto area map.
Nearby Schools
Rise Together Education
School · 0.1 mi away
Discovery Children's House
School · 0.3 mi away
Addison Elementary School
Elementary · 0.3 mi away
The Learning Center
School · 0.4 mi away
Paly Robotics
School · 0.5 mi away
Tru
School · 0.6 mi away
Palo Alto High School
Secondary · 0.7 mi away
St Elizabeth Seton School
Secondary · 0.7 mi away
Walter Hays Elementary School
Elementary · 0.8 mi away
Palo Alto High School Tennis Courts
Secondary · 0.8 mi away
Palo Alto Unified School District
School · 0.8 mi away
Building Kidz
School · 1.0 mi away
German - American International School
School · 1.1 mi away
Laurel Elementary School Upper Campus
Elementary · 1.1 mi away
Silicon Valley International School
Secondary · 1.1 mi away
German American School of Palo Alto (Gaspa)
School · 1.1 mi away
East Palo Alto High School
Secondary · 1.1 mi away
Alto International School
School · 1.1 mi away
The Roberts School
School · 1.1 mi away
Stanford Madera
School · 1.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 00000 Page Mill Road, Palo Alto, CA | $2,395,000 | — | — | — |
| 0 Page Mill Road, Palo Alto, CA | $2,395,000 | — | — | — |
| 00000 Page Mill Road, Palo Alto, CA | $2,395,000 | — | — | — |
| 2609-2617 Alma Street, Palo Alto, CA | $2,500,000 | 8 | — | 2,232 |
| 2609-2617 Alma Street, PALO ALTO, CA | $2,500,000 | — | — | 2,232 |
| 26092617 Alma Street, Palo Alto, CA | $2,500,000 | — | — | 2,232 |
Moving Cost Estimate
EXIT Agents in Palo Alto
Listing Courtesy: Compass
Presented by: Bryan Danforth
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.