Property Overview:
643-645 Channing Ave is a multi-family property in Palo Alto, CA, originally built in 1926. The property features a 4-bedroom, 3-bath main house and a detached apartment complex with four 1-bedroom, 1-bath units. The total living space is approximately 4,580 sq. ft. on a 10,000 sq. ft. lot. Amenities include a parking garage, carport with multiple spaces, fireplace, cooling system, hardwood floors, private deck/yard, and shared laundry facilities.
Neighborhood Highlights:
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Population:
- 15,402 residents (17% growth since 2000)
- 50% families with children
- Largest age group: 45-54 years (15.56%)
- Second largest: 25-34 years (13.36%)
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Crime Rate:
- Personal crime risk: 4.4% (lower than state average of 11.8%)
- Property crime risk: 10.7% (slightly lower than state average of 10.8%)
- Relatively safe neighborhood
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Schools:
- Top-rated nearby schools:
- Addison Elementary (#10 in CA, 1.2 mi)
- Greene Middle (#12 in CA, 1.2 mi)
- Palo Alto High School (#5 in CA, 1.1 mi)
- Average SAT score: 1221 (Math: 626, English: 595) — well above state average (975)
- Top-rated nearby 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%)
- Close to Silicon Valley employers and Stanford University
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Natural Disaster Risk:
- Moderate flood risk
- Low tornado risk
- High earthquake 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
- Mild winters, warm summers
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Cost of Living:
- Median household income: $132,129
- Average annual spending: $83,423
Property Features:
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Main Residence:
- 4 bedrooms, 3 bathrooms
- Two-story layout
- Hardwood floors
- Well-appointed kitchen
- Private deck/yard
- Fireplace
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Investment Units:
- Four 1-bedroom, 1-bath apartments
- Shared laundry facilities
- Inviting patio
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Parking:
- Garage
- Carport/driveway with 4–6 parking spaces
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Turnkey investment opportunity with income potential
Location Benefits:
- Prime location near downtown Palo Alto
- Close proximity to top-rated schools, parks, shopping, restaurants, and Stanford University
- Easy access to Silicon Valley’s high-tech employers
- Highly desirable, dynamic community
- Ranked #6 Best Place to Live in America (Palo Alto)
- Ideal for families, professionals, and investors