Property Overview:
165 Forest Ave Apt 2A is a condominium in downtown Palo Alto, CA 94301, built in 1981. It features 2 bedrooms, 2 bathrooms, and 1,285 sq. ft. of living space. The unit includes multiple balconies, a fireplace, in-unit laundry, and central heating & air conditioning. The property last sold for $1,600,000 in October 2019; current estimated value is around $1,784,000.
Neighborhood Highlights:
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Average Sale Price:
- Similar homes average $2,388,248.
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Crime Rate:
- Low overall crime risk.
- Personal crime risk: 4.4% (well below state average of 11.8%).
- Property crime risk: 10.7% (slightly below state average of 10.8%).
- Only 2 criminal/sex offenders within 1 mile.
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Schools:
- Exceptional schools:
- Palo Alto High
- Addison Elementary
- David Starr Jordan Middle
- Frank S. Greene Junior Middle
- Average SAT score: 1221 (well above state average of 975).
- Exceptional schools:
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Job Market:
- 80.8% white-collar jobs, 19.2% blue-collar jobs.
- Unemployment rate: 2.1% (lower than state average of 4.7%).
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Demographics:
- Population: 15,402 (17% growth since 2000).
- 50% families with children.
- Largest age group: 45-54 years (15.6%).
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Natural Disaster Risk:
- Very high earthquake risk
- Very low tornado risk
- Moderate to low flood risk
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Weather:
- Average temperature: 51.7°F (January), 87.6°F (July)
- Average rainfall: 17.3 inches/year
- Average snowfall: 0.1 inches/year
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Cost of Living:
- Median household income: $132,129
- Average annual spending: $83,423
Property Features:
- Fully remodeled with modern finishes and designer touches.
- Natural sunlight from 4 balconies and ample windows.
- Kitchen:
- Quartzite counters
- White shaker cabinetry
- Stainless steel appliances
- Living Room:
- Fireplace with new granite slab surround
- Spacious, open layout
- Floors:
- New wood and tile flooring
- Freshly painted dove-grey walls
- Bedrooms:
- Master suite with balcony for outdoor seating
- Laundry:
- In-unit LG washer/dryer
- Climate Control:
- Three mini-split AC/heating units with remotes
- Parking & Storage:
- Two assigned underground parking spaces
- Two large storage units (approx. 6’ x 8’ x 8’)
- Building Amenities:
- Elevator
- Secure entry
Location Benefits:
- Prime downtown location:
- 1 block from Whole Foods, Philz Coffee, and Pete’s Coffee
- 2 blocks from University Avenue restaurants and shopping
- 3 blocks from Caltrain
- Across the street from Pizzeria Delfina, near Ramen Nagi, Nobu, and more
- Walkable lifestyle with easy access to dining, shopping, and transit
- Excellent for families due to top-rated schools and safe environment