727729 Waverley Street Palo Alto, CA ^$ 3,700,000

727729 Waverley Street

^$ 3,700,000

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Recently Listed

727729 Waverley Street

Palo Alto, CA, 94301

^$ 3,700,000

Bedrooms-- Baths-- Sq 3,535

Monthly Estimate*

^$ 22,782

Listed by Compass

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Commercial Property for sale in Palo Alto, CA

for $3,700,000. This 3,535 square foot building was built in 1904 on a lot size of 0.1722.

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.

Commercial Active

Price

^$ 3,700,000

Property Type

Commercial

Taxes

^$ 44,452

Style

Lot Size

0.1722

Year Built

1904

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82049696

Days on Market

Features

General

Heating Wall Furnace

Cooling None

Roof Shingle

Zoning RM30

HOA Fee 0

Year Built 1904

County Santa Clara

Insurance Expense 8000

Property Type Commercial Sale

MaintenanceExpense 4000

Special Listing Conditions Standard

Status Active

City Palo Alto

High School District Palo Alto Unified

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 7500

Carport Spaces 0

Tax Annual Amount 44452

Trash Expense 0

Standard Status Active

Year Built Source Assessor

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Water Source Public

Total Parking 0

Lot Size Area 7500

Number of Buildings 2

Building Area Total 3535

Lot Size Acres 0.1722

Lot Size Source Assessor

* Excluded Features

List By

Compass

Broker

bryan.danforth@compass.com

Affordability Calculator

$26,486

Per Month

Monthly Principal & Interest: $22,782
Monthly Property Taxes: $3,704
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Palo Alto, CA

Average List Price ^$6,171,632

Percent of Sale Price 67%

About Palo Alto, CA

68,781 Population

15% Since 2002

^$143,744 Median Income

43.54 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/4/2026	$3,700,000		Listed Price

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727729 Waverley Street, Palo Alto, CA, 94301 is a Commercial Property for sale at $3,700,000 with 3,535 sqft and a lot size of 0.1722. 727729 Waverley Street was built in 1904. The property's zip code is 94301 which is in Palo Alto, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/5/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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727729 Waverley Street

Commercial Property for sale in Palo Alto, CA

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