Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Apartment Building with Coin Laundry Title is generated by Realmo AI

    727-729 Waverley Street, Palo Alto, CA 94301

    View on Map
    Claim this Listing
    New
    For Sale
    $3,700,000

    Well-maintained multifamily property with eight units, updated improvements, and an on-site leased coin laundry facility.

    Type:5+ Units / Five or More Units
    Property size:
    3,535 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $1,046/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:21 am

    Property Features for 727-729 Waverley Street

    General Information

    Standard status
    Active
    Size
    3,535 SF
    Lot size
    0.17 Acres
    Property subtype
    5+ Units / Five or More Units

    Building Details

    Year Built
    1904

    We can help!

    Listing Contact
    Bryan Danforth

    Listing agent Bryan Danforth License #01789680

    Listing office Compass

    Listing date Jun 3, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Compass

    HighLights

    • Multi‑family with 8 total units: six 1‑bed/1‑bath units plus two nonconforming bachelor studios (bedroom and bathroom only)
    • 7,500 SF lot in RM‑30 zoning in the University South neighborhood
    • Updated electrical panels and numerous additional repairs completed as needed
    • New rear stairway compliant with SB721 requirements
    • On‑site leased coin‑operated laundry facility serving all units
    • Current rents are below market, with three units immediately available for rent increases

    Overview

    727-729 Waverley Street is a well-maintained apartment building containing six 1-bedroom, 1-bath units and two nonconforming bachelor studio units. The property is sited on a 7,500-square-foot lot and is under RM-30 zoning in the University South neighborhood. Reported improvements include updated electrical panels and a new rear stairway compliant with SB721 requirements, along with additional repairs completed as needed.

    The building is located just two blocks from the heart of downtown Palo Alto and University Avenue, supporting convenient access to nearby commercial and employment areas. An on-site leased coin-operated laundry facility serves all units, providing an additional resident amenity on the property.

    This configuration can fit tenants seeking standalone 1-bedroom living as well as studio-style layouts within the same building. The offering notes that current rents are below market, with three units immediately available for rent increases, making it potentially well-suited for an owner looking to stabilize and align rents across the mix of unit types.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.157237
    Latitude
    37.4453652

    Nearby Similar for Sale

    • $7,500,000

      Palo Alto Multifamily Investment Opportunity

      Renovated multifamily property near Stanford University and downtown Palo Alto.
      251 Middlefield Road, Palo Alto, CA 94301
      View Details
    • $2,990,000

      Full-Service Grocery Store

      Full-service grocery operation with deli, bakery, and beer, wine, and spirits sales in a commercial-zoned setting.
      Address not disclosed, PALO ALTO, CA 94303
      View Details
    • $5,500,000
      4,700 SF

      Palo Alto Childcare Facility Opportunity

      Prime Silicon Valley location, licensed for 84 kids, large playground.
      991 Commercial St, Palo Alto, CA 94303
      View Details
    • $3,700,000

      Operating Restaurant in Midtown Palo Alto

      Operating Round Table Pizza with real estate in prime location.
      706 Colorado Ave, Palo Alto, CA 94303
      View Details
    • $3,475,500
      8,180 SF

      Palo Alto Industrial Building For Sale

      8,180 SF industrial building with new roof and bathrooms.
      930 Industrial Avenue, Palo Alto, CA 94303
      View Details
    • $7
      1,657 SF

      Palo Alto Dental Office Space

      Modern dental office with six operatories in downtown Palo Alto.
      555 Middlefield Road, Palo Alto, CA 94301
      View Details
    • $10,500,000
      9,665 SF

      Palo Alto Apartment Community

      Apartment community near Downtown Palo Alto and Stanford University.
      325 Hawthorne Ave, Palo Alto, CA 94301
      View Details
    • $3,700,000
      3,261 SF

      Operating Restaurant in Midtown Palo Alto

      Established Round Table Pizza business and real estate for sale.
      706 Colorado Ave, PALO ALTO, CA 94303
      View Details
    • $1,725,000
      2,768 SF

      El Camino Real Retail Building

      Stand-alone retail building with restaurant infrastructure and parking.
      4113 El Camino Real, Palo Alto, CA
      View Details
    • $2,750,000
      4,950 SF

      Palo Alto Flex Warehouse Space

      Flex warehouse space in Palo Alto with parking and skylights.
      4075 Transport St, Palo Alto, CA
      View Details
    • $965,000
      3,002 SF

      Industrial Unit For Sale

      Industrial unit for sale with existing lease and flexible zoning.
      3037 Golf Course Dr, Ventura, CA
      View Details
    • $18,000,000
      11,243 SF

      Palo Alto Mixed-Use Building

      Prime mixed-use building in Downtown Palo Alto with established tenant.
      558-560 Waverley Street, PALO ALTO, CA 94301
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained multifamily property with eight units, updated improvements, and an on-site leased coin laundry facility.
    Where is this apartment building located?
    The property is located at 727-729 Waverley Street Palo Alto, CA.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: Multi‑family with 8 total units: six 1‑bed/1‑bath units plus two nonconforming bachelor studios (bedroom and bathroom only); 7,500 SF lot in RM‑30 zoning in the University South neighborhood; Updated electrical panels and numerous additional repairs completed as needed
    (650) 274-5227
    We can help!
    Listing Contact
    Bryan Danforth
    Real Estate License ID: 01789680
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    727-729 Waverley Street, Palo Alto, CA 94301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!