729 Waverley Street, PALO ALTO, CA 94301

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729 Waverley Street, PALO ALTO, CA 94301

(Active)

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Listed by: Bryan Danforth - Compass

Active

est.$3,700,000/month.

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beds. baths. 3,258 Sqft.

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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

729 Waverley Street, PALO ALTO, CA 94301

$3,700,000

Active

est.$3,700,000/month.

Start My Approval

beds baths 3,258 Sq.ft.

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Property details for 729 Waverley Street, PALO ALTO, CA 94301

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. (note: the property address is 727-729 Waverley, 2 buildings on one lot)

Broker details: Compass

Listed by: Bryan Danforth
Co-listing Broker: Compass
Co-listing Agent: Matthew Thomson

Property Description

MLS Information

Listing: ML82049696
Listing Last Modified: 2026-06-09

Property Details

Standard Status: Active
MLS Status: Active
Built in: 1904

Geographic Data

County: Santa Clara

Features

Interior Features

Living area: 3258

Exterior Features

Roof type: Shingle
Pool: None
Foundation: Concrete Perimeter

Parking

Utilities

Sewer: Public Sewer
Water: Public
Heating: Wall Furnace

Property Information

Tax Information

Tax Annual Amount: $44,452

Rossetti Realty Inc.

729 Waverley Street, PALO ALTO, CA 94301