628 Waverley ST, Palo Alto, CA 94301
- $4,295,000
- 4,200
- SqFt
Listed by Ray Rodriguez, 650-405-0743 from Compass
(If provided) CoList: Tony Zizzo from Compass
Sold listing courtesy of Ray Rodriguez from PACU
- Sold Price
- $4,295,000
- List Price
- $4,295,000
- Closing Date
- Jan 28, 2026
- MLS#
- ML82027535
- Status
- SOLD
- Sqft. of Residence
- 4,200
- Lot Size
- 5,250
- Listing Area
- Downtown Palo Alto
- Year Built
- 1904
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.
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Additional Information
- Acres
- 0.12
- Age
- 121
- Cooling System
- Ceiling Fan
- Floor Covering
- Carpet, Hardwood, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Detached Garage, On Street
- Heating System
- Electric, Space Heater
- Laundry Facilities
- Washer / Dryer, Washer/Dryer - Some Units
- Living Area
- 4,200
- Lot Size
- 5,250
- Neighborhood
- Downtown Palo Alto
- Other Rooms
- Laundry Room
- Other Utilities
- Public Utilities
- Roof
- Flat / Low Pitch, Rolled Composition
- Sewer
- Sewer - Private
- Style
- Flat
- Unincorporated Yn
- Yes
- Zoning
- CDC
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