Palo Alto, CA 94301,628 Waverley ST
Listed by Ray Rodriguez • Compass
Bought with Ray Rodriguez • Compass
$4,295,000
Est. payment /mo
$4,295,000
Est.Price: ?

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3 Beds
3 Baths
4,200 SqFt
SOLD DATE : 01/28/2026

Key Details

Sold Price $4,295,000

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $1,022

MLS Listing ID ML82027535

Style Flat

Bedrooms 3

Full Baths 3

Year Built 1904

Lot Size 5,250 Sqft

Property Sub-Type Five or More Units

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 Downtown Palo Alto

Zoning CDC

Rooms

Other Rooms Laundry Room

Interior

Heating Electric, Space Heater

Cooling Ceiling Fan

Flooring Carpet, Hardwood, Vinyl / Linoleum

Laundry Washer / Dryer, Washer/Dryer - Some Units

Exterior

Exterior Feature Drought Tolerant Plants, Other

Parking Features Detached Garage, On Street

Garage Spaces 1.0

Utilities Available Public Utilities

Roof Type Flat / Low Pitch,Rolled Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Private

Water Private / Mutual

Others

Special Listing Condition Not Applicable

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Steven Gary

Steven Gary

+1(408) 644-3287

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NEARBY SCHOOLS & BUSINESSES

SCHOOLS PROPERTIES
Elementary Schools 20
  • 9

    Juana Briones Elementary School

    Public | KG - 5

  • 9

    Lucille M. Nixon Elementary School

    Public | KG - 5

  • 9

    Herbert Hoover Elementary School

    Public | KG - 5

  • 9

    Fairmeadow Elementary School

    Public | KG - 5

  • 9

    El Carmelo Elementary School

    Public | KG - 5

  • 9

    La Entrada School

    Public | 4 - 8

  • 9

    Oak Knoll School

    Public | KG - 5

  • 9

    Palo Verde Elementary School

    Public | KG - 5

  • 9

    Ohlone Elementary School

    Public | KG - 5

  • 9

    Walter Hays Elementary School

    Public | KG - 5

  • 8

    Addison Elementary School

    Public | KG - 5

  • 8

    Duveneck Elementary School

    Public | KG - 5

  • 8

    Encinal School

    Public | KG - 5

  • 8

    Laurel School

    Public | KG - 5

  • 7

    Escondido Elementary School

    Public | KG - 5

  • 5

    Barron Park Elementary School

    Public | KG - 5

  • 3

    Taft Elementary School

    Public | KG - 5

  • 2

    Brentwood Academy

    Public | KG - 5

  • 2

    Garfield School

    Public | PK - 8

  • 2

    Green Oaks Academy

    Public | KG - 5

Middle Schools 10
  • 9

    Jane Lathrop Stanford Middle School

    Public | 6 - 8

  • 8

    Terman Middle School

    Public | 6 - 8

  • 8

    David Starr Jordan Middle School

    Public | 6 - 8

  • 8

    Hillview Middle School

    Public | 6 - 8

  • 1

    Ronald McNair Academy

    Public | 6 - 8

  • 1

    Cesar Chavez Elementary School

    Public | 6 - 8

  • 0

    Stanford Online High School

    Private | 7 - 12

  • 0

    Frank Greene Middle School

    Public | 6 - 8

  • 0

    Castilleja School

    Private | 6 - 12

  • 0

    Eastside College Preparatory School

    Private | 6 - 12

High Schools 8
  • 10

    Henry M. Gunn High School

    Public | 9 - 12

  • 10

    Palo Alto High School

    Public | 9 - 12

  • 7

    Menlo - Atherton High School

    Public | 9 - 12

  • 0

    East Palo Alto Academy

    Public | 9 - 12

  • 0

    Sequoia Community Day

    Public | 9 - 12

  • 0

    Aspire East Palo Alto Phoenix Academy

    Public | 9 - 12

  • 0

    Everest Public High School

    Public | 9 - 12

  • 0

    Mid-Peninsula High School

    Private | 9 - 12

School and business data provided by Attom Data.

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Steven Gary

Steven Gary

+1(408) 644-3287

Realtor | License ID: 01895061

Realtor License ID: 01895061

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