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Sean Beattie Jr.

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

Listed by Bryan Danforth • Compass

$3,700,000

Est. payment - /mo

3,535 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,535 sqft

Price per Sqft $1,046

MLS Listing ID ML82049696

HOA Y/N No

Year Built 1904

Lot Size 7,500 Sqft

Property Sub-Type Other

Source Datashare MLSListings

Property Description

727-729 Waverley St offers apartment investors an exceptional opportunity to acquire an income-producing property in one of the strongest rental markets in the world. Located just two blocks from the heart of downtown Palo Alto and University Avenue, the property consists of six 1-bedroom, 1-bathroom units and two nonconforming bachelor studios (bedroom and bathroom only). Situated on a 7,500-square-foot lot with RM-30 zoning in the predominantly residential University South neighborhood, the property has been well maintained with updated electrical panels, a new rear stairway compliant with SB721 requirements, and numerous additional repairs completed as needed. Current rents are below market, presenting significant upside potential for a new owner, with three units immediately available for rent increases. Residents also benefit from an on-site leased coin-operated laundry facility serving all units.

Location

State CA

County Santa Clara

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Building

Water Public

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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727-729 Waverley Street Palo Alto, CA 94301

Sean Beattie Jr.

Key Details

Location

Interior

Building

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