7
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$3,450,000
Est. payment /mo
2,570 SqFt
New
510 Waverley ST Palo Alto, CA 94301
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,570 sqft
Price per Sqft $1,342
MLS Listing ID ML82064622
HOA Y/N No
Year Built 1900
Annual Tax Amount $5,194
Lot Size 4,896 Sqft
Property Sub-Type Mixed Use
Property Description
Located in downtown Palo Alto, this mixed-use property is zoned CD-C(P) which allows for the second floor to be converted into residential. Ground floor is 2,570 square feet and leased to one office tenant and one retail tenant. Take advantage of up to 2,500 bonus square feet completing a historical upgrade to the building and use the bonus square footage to build out a residential unit on the second floor. The property is served by the Palo Alto Unified elementary school district. The building features central forced air heating and central air conditioning for year-round comfort. Notably, there is an exclusive parking area behind the building for 7 on site parking stalls. This property provides a value add opportunity for an investor interested in expanding the square footage of the property with a second floor residential unit, improving the ground floor rental rate with fresh cosmetic renovations.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CDC(P)
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Accessibility Parking
Total Parking Spaces 7
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 12015082
Special Listing Condition Standard
Listed by David O'such Cornish & Carey Commercial #01033820
NEARBY SCHOOL & BUSINESS