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$5,550,000
Est. payment /mo
5,248 Sqft Lot
UPDATED:
12/05/2024 04:37 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81985525
HOA Y/N No
Year Built 1904
Annual Tax Amount $66,255
Lot Size 5,248 Sqft
Property 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, 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!
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CDC
Interior
Heating Electric, Space Heater
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Building
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 12016021
Special Listing Condition Standard
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Listed by Rosemary Gibson • Berkshire Hathaway HomeServices DrysdaleProperties