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Ben Dodge

bendodge@kw.com +1(408) 829-1074

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

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

Key Details

Property Type 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

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

Rooms

Other Rooms Laundry Room

Interior

Heating Electric, Space Heater

Cooling Ceiling Fan

Flooring Carpet, Hardwood, Vinyl / Linoleum

Laundry Washer / Dryer, Washer/Dryer - Some Units

Exterior

Exterior Feature Drought Tolerant Plants, Other

Parking Features Detached Garage, On Street

Garage Spaces 1.0

Utilities Available Public Utilities

Roof Type Flat / Low Pitch,Rolled Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Private

Water Private / Mutual

Others

Restrictions Other

Tax ID 120-16-021

Security Features Controlled / Secured Access,Other

Special Listing Condition Not Applicable

GET MORE INFORMATION

Ben Dodge

REALTOR® | Lic# DRE 01959374

bendodge@kw.com

+1(408) 829-1074

16780-A Lark Ave. Los Gatos, CA, 95032

628 Waverley ST Palo Alto, CA 94301

Ben Dodge

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

628 Waverley ST