628 Waverley Street

Palo Alto, CA 94301

$5,550,000
Price
Beds
4,200 Sq. Ft.
$1,321 / Sq. Ft.
4,200
Sq. Ft.
$1,321
per Sq. Ft.

Description

Historic 1904 building in the desirable and dynamic City of Palo Alto. This charming 14-unit investment property is situated on a 5,250 square feet parcel of land, a gross building area of approximately 4,200 square feet, offering its tenants cozy studios, 1 and 2-bedroom floor plans. Several updated units contain updated cabinetry, stainless steel appliances, laminate flooring, tile flooring, and close proximity to Stanford University, Stanford Shopping Center, Downtown Palo Alto, multiple parks,...Historic 1904 building in the desirable and dynamic City of Palo Alto. This charming 14-unit investment property is situated on a 5,250 square feet parcel of land, a gross building area of approximately 4,200 square feet, offering its tenants cozy studios, 1 and 2-bedroom floor plans. Several updated units contain updated cabinetry, stainless steel appliances, laminate flooring, tile flooring, and close proximity to Stanford University, Stanford Shopping Center, Downtown Palo Alto, multiple parks, and so much more. This investment appeal is asset-driven by low vacancy levels and a robust employment foundation. 628 Waverley Street is a world-class location in the heart of Palo Alto, a location attractive to Peninsula renters and Silicon Valley commuters. This UNIQUE property is a RARE FIND!
  1. Listed by Rosemary Gibson • DRE #01515058 • Brokerage DRE #01499008 • Berkshire Hathaway HomeServices DrysdaleProperties • 650-518-2382

Property Details for 628 Waverley Street

MLS City Name
PALO ALTO
Building Type
Other
Garage Spaces
2
Parking Spaces
0
Cross Street
University
LISTING UPDATED: 11/01/2024 01:15 PM

Property Details for 628 Waverley Street

StatusActive
MLS #ML81985525
Days on Compass16
Taxes$66,255 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1904
Lot Size0.12 AC / 5,250 SF
CountySanta Clara County

Building Information for 628 Waverley Street

Stories-Residences-Year Built1904Building Size-Lot Size0.12 AC / 5,250 SF

Property Information for 628 Waverley Street

Features
Room Information
  • Kitchen: Appliances - Vary by Unit, Cooktop - Electric, Countertop - Other, Countertop - Tile, Exhaust Fan, Hood Over Range, Oven Range, Refrigerator, Varies by Unit
Features
  • Amenities: None
  • Communications: Cable TV
  • Energy Features: None
  • Fireplace: No
  • Flooring: Laminate, Tile, Vinyl / Linoleum
  • Laundry: Washer / Dryer
  • Living SqFt: 4200
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric, Space Heater
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 14
  • Area Text: Downtown Palo Alto
  • Restrictions: Other
  • Roof: Shingle
  • Subclass: Five or More Units
  • TIC Agreement: Unknown
  • Year Built Source: Assessor
  • Street Number: 628
  • Street Name: Waverley
  • Street Suffix: Street
  • Area ID: 242
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4200
  • Structure SqFt Source: Assessor
  • Age: 120
Development Information
  • Construction Type: Concrete, Nonconforming, Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: CDC
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 120-16-021
  • County Name: Santa Clara
  • City Name: PALO ALTO
  • City Postal ID: 46
  • Postal Code: 94301
  • Elementary School District: 481
  • High School District Text: Palo Alto Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .12
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 13
General Information
  • Annual Tax Amount: $66,255
  • Capitalization Rate: 3.91
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents, Storage Area
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $18,264
  • Expense Landscape: $2,400
  • Expense Maintenance: $10,500
  • Expense Management: $18,173
  • Expense Trash: $8,437
  • Expenses Other: $0
  • Expenses Utility: $22,217
  • Expenses Total: $146,246
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 14.81
  • Income Annual Gross: $363,462
  • Income Annual Rental: $349,800
  • Income Gross Scheduled: $374,703
  • Income Other: $24,903
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,300
Unit 2 Information
  • Unit 2 Approx Square Footage: 965
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,887
Unit 3 Information
  • Unit 3 Approx Square Footage: 180
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,295
Unit Type 1
  • Unit Type1 Approx SqFt: 350

Property History for 628 Waverley Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 628 Waverley Street

Taxable ValueLand$670,307Additions$145,270Total$815,577
Tax Record2024$10,659 ($888 / month)
Home Facts
Total Finished SqFt4,200 SqFtAbove Grade Finished SqFt4,200 SqFtStories2Lot Size5,250 SqFtStyleSchoolYear Built1904Year Renovated1920ZoningCDCCountySANTA CLARAAPN120-16-021

Schools near 628 Waverley Street

This home is within Palo Alto Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Addison Elementary School
PublicK to 5

Frank S. Greene Jr. Middle
Public6 to 8

Palo Alto High School
Public9 to 12

Ohlone Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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628 Waverley Street is for sale in Palo Alto, CA 94301. This property was listed for sale on November 1, 2024 by Berkshire Hathaway HomeServices DrysdaleProperties, it's currently listed at $5,550,000. This listing's school district is Palo Alto Unified School District. Nearby schools include Addison Elementary School, Frank S. Greene Jr. Middle and Palo Alto High School. 628 Waverley Street is a 0-bed, 0-bath, 4,200 sqft built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices DrysdaleProperties, Rosemary Gibson, DRE #01515058

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.