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727-729 Waverley St
Palo Alto, CA 94301 Downtown Palo Alto

$3,700,000 USD

Apartments For Sale  •  3,535 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,535 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1904
  • Zoning RM30
60 Transit Score
80 Walk Score

Highlights

Six 1-bed, 1-bath units + Two nonconforming Bachelor Studios (bedroom + bathroom only)
Well maintained property with updated electrical panels, new rear stairway with SB721 clearance, and numerous other repairs done as needed
7,500 sf lot with RM-30 Zoning in a predominantly residential University South neighborhood
Below market rents with LOTS of potential to increase cash flow for a new owner
3 units are available for immediate rent increases
Leased coin operated laundry available for all units.

Public Transportation

Commuter RailDriveWalkDistance
Palo Alto Caltrain Station Southbound (Express - Caltrain (Caltrain), Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 2 min 13 min 0.7 mi
California Avenue Caltrain Station Southbound (Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 6 min - 2.4 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 23 min - 15.7 mi
San Francisco International 29 min - 20.6 mi
Metro Oakland International 42 min - 28.8 mi
Matthew Thomson 650-515-6555 ARA Newmark
Matthew Thomson 650-515-6555 ARA Newmark