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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$4,295,000

Est. payment - /mo

5,248 Sqft Lot

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

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82027535

HOA Y/N No

Year Built 1904

Annual Tax Amount $51,433

Lot Size 5,248 Sqft

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 699 - Not Defined

Zoning CDC

Interior

Heating Electric, Space Heater

Fireplace No

Exterior

Roof Type Flat

Schools

School District Palo Alto Unified

Others

Tax ID 12016021

Special Listing Condition Standard

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Listed by Ray Rodriguez Compass

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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628 Waverley ST Palo Alto, CA 94301

Sean Beattie Jr.

Open House

Key Details

Location

Interior

Exterior

Schools

Others

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