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

$3,350,000 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
Cap Rate 4.04 %
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 + 2 already vacant and available for peak market rent

Property Flyers

729 Waverley OM

Financial Summary (Proforma)

Net Operating Income: $135,282 USD (2026)

Cap Rate:

4.04 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Palo Alto Caltrain Station Northbound (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 Northbound (Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain))	4 min	-	1.7 mi
Airport	Drive	Walk	Distance
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

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