Log In/Sign Up
Your email has been sent.
727-729 Waverley St 8 Unit Apartment Building $4,702,060 CAD ($587,757 CAD/Unit) 4.04% Cap Rate Palo Alto, CA 94301
Investment Highlights
- Six 1-bed, 1-bath units + Two nonconforming Bachelor Studios (bedroom + bathroom only)
- 7,500 sf lot with RM-30 Zoning in a predominantly residential University South neighborhood
- 3 units are available for immediate rent increases + 2 already vacant and available for peak market rent
- Well maintained property with updated electrical panels, new rear stairway with SB721 clearance, and numerous other repairs done as needed
- Below market rents with LOTS of potential to increase cash flow for a new owner
Executive Summary
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 in the University South Neighborhood where only 7 multifamily (5+ units) properties have sold in the past 10 years. 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 (all sb721 required EEEs passed inspection in "sound condition"), 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. Contact Listing Agents for complete Offering Memorandum and Full Due Diligence / Disclosure File.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$189,882
|
$53.71
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $189,882 |
| Annual Per SF | $53.71 |
Property Facts
| Price | $4,702,060 CAD | Property Subtype | Apartment |
| Price Per Unit | $587,757 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.04% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 18.48 | Building Size | 3,535 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1904 |
| Zoning | RM30 - Multi Family Dwelling | ||
| Price | $4,702,060 CAD |
| Price Per Unit | $587,757 CAD |
| Sale Type | Investment |
| Cap Rate | 4.04% |
| Gross Rent Multiplier | 18.48 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,535 SF |
| No. Stories | 2 |
| Year Built | 1904 |
| Zoning | RM30 - Multi Family Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $3,197 CAD | 534 |
| Studios | 2 | $1,825 CAD | 165 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 120-16-059 | Improvements Assessment | $1,620,939 CAD |
| Land Assessment | $3,855,206 CAD | Total Assessment | $5,476,145 CAD |
Property Taxes
Parcel Number
120-16-059
Land Assessment
$3,855,206 CAD
Improvements Assessment
$1,620,939 CAD
Total Assessment
$5,476,145 CAD
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
727-729 Waverley St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.