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727 Waverley St 8 Unit Apartment Building Offered at $5,140,040 CAD at a 3.51% 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
- 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
- Leased coin operated laundry available for all units.
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 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. Contact Listing Agents for complete Offering Memorandum and Full Due Diligence / Disclosure File.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,140,040 CAD | Property Type | Multifamily |
| Price Per Unit | $642,505 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 3,535 SF |
| Cap Rate | 3.51% | No. Stories | 2 |
| Gross Rent Multiplier | 18.48 | Year Built | 1904 |
| No. Units | 8 |
| Price | $5,140,040 CAD |
| Price Per Unit | $642,505 CAD |
| Sale Type | Investment |
| Cap Rate | 3.51% |
| Gross Rent Multiplier | 18.48 |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 3,535 SF |
| No. Stories | 2 |
| Year Built | 1904 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $3,165 CAD | 534 |
| Studios | 2 | $1,806 CAD | 165 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
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727 Waverley St
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