Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82027535
MLS Source
MLSListings, Inc.
Interior Features
Appliances
Washer/Dryer, Washer/Dryer - Some Units
Flooring
Carpet, Hardwood, Vinyl/Linoleum
Cooling
Ceiling Fan
Heating
Electric, Space Heater
Exterior Features
Roof
Flat, Rolled/Hot Mop
Foundation
Concrete Perimeter and Slab
Style
Flat
Parking, School, and Other Information
Garage/Parking
Detached, On Street, Garage: 1 Car(s)
Elementary District
Palo Alto Unified
High School District
Palo Alto Unified
Sewer
Private Sewer
Zoning
CDC
Contact Information
Listing Agent
Ray Rodriguez
Compass
License #: 01999734
Phone: (650) 405-0743
Co-Listing Agent
Tony Zizzo
License #: 01962093
Phone: (650) 770-8356
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 12 | 14 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $3,117 | $3,117 | 1 |
| 2 | – | 1 | 1/0 | $2,450 | $2,915 | 3 |
| 3 | – | 0 | 1/0 | $1,395 | $1,995 | 10 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
628 Waverley St is a Residential Income in Palo Alto, CA 94301. This 4,200 square foot property sits on a 5,250 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,295,000 and was built in 1904. This address can also be written as 628 Waverley St, Palo Alto, CA 94301.
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This listing information is up-to-date as of November 24, 2025. For the most current information, please contact Ray Rodriguez, (650) 405-0743
