727 Waverley St, Palo Alto, CA, 94301
About This Home
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. (note: the property address is 727-729 Waverley, 2 buildings on one lot)
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1904
Materials
- Foundation: Concrete Perimeter,Wood Frame
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Five Or More Units,Residential Income
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
Features
- Door features: None
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 3,258
- Total interior livable area: 3,258 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 12016059
- Zoning: RM30
- Special condition: Standard
Lot
- Lot size: 7,500 sqft
Parking
- Parking features: Common
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Clara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,939 | $203,268 |
| Home Insurance * | $243 | $2,916 |
| Property Taxes | $3,376 | $40,512 |
| Electricity | $698 | $8,383 |
| Total | $21,256 | $255,072 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-08 | Pending sale | $3,350,000 |
| 2026-07-07 | Price change | $3,350,000 |
| 2026-06-04 | Listed for sale | $3,700,000 |
| 2025-10-14 | Listing removed | $2,500 |
| 2025-10-07 | Price change | $2,500 |
| 2025-10-05 | Listed for rent | $2,650 |
| 2024-08-07 | Listing removed | -- |
| 2024-08-02 | Price change | $2,575 |
| 2024-07-28 | Listed for rent | $2,675 |
| 2022-02-05 | Listing removed | -- |
| 2022-01-05 | Listed for rent | $2,150 |
| 2021-12-12 | Listing removed | -- |
| 2021-11-14 | Listed for rent | $2,250 |
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