Property Overview:
754 University Ave is a condominium unit in Palo Alto, CA, built in 1958. It features 2 bedrooms, 2 bathrooms, and 1,280 sq. ft. of living space. The home includes a parking garage, heating system, and is currently valued at approximately $1,516,000.
Neighborhood Highlights:
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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%).
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Schools:
Nearby schools include Addison Elementary, Palo Alto High, Frank S. Greene Jr. Middle, and Packard Children’s Hospital/Stanford.- Average SAT score: 1221 (well above state average of 975).
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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:
- Community population: 15,402 (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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Natural Disaster Risk:
- High 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.
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Cost of Living:
- Median household income: $132,129.
- Average annual spending: $83,423.
Property Features:
- Located in Villa Capri Aire, a 28-unit condo development just blocks from downtown Palo Alto.
- Spacious upstairs condo with 24-foot balcony overlooking the courtyard and fountain.
- Large living/dining room combo with abundant natural light.
- Kitchen: Wood cabinetry, granite countertops, laminate flooring, and stainless steel appliances (dishwasher, stove, gas cooktop, hood).
- Primary suite: Ample closet space, built-in dresser/storage, sliding door to balcony, and updated bath with dual sinks, deep soaking tub, and 2-headed shower.
- Second bedroom: Generously sized with wall-to-wall mirrored closet.
- Updated hall bath with stall shower.
- Inside laundry with Samsung washer and dryer.
- Detached shared garage with one parking space for this unit.
- Easy access to downtown, Stanford, CalTrain, Highway 101, and major tech campuses (Meta, Google, etc.).
Location Benefits:
- Prime location: Blocks from downtown Palo Alto, shopping, dining, and entertainment.
- Commuter-friendly: Close to Stanford University, CalTrain, and major highways.
- Ideal for professionals and families seeking a vibrant, safe, and well-connected community.