Property Overview:
796 University Ave is a condominium unit in downtown Palo Alto, CA, built in 1958. It features 2 bedrooms, 2 bathrooms, and 1,280 sq. ft. of living space. The home includes a large 2-car detached garage, in-unit laundry, and has been beautifully remodeled with updated kitchen and bathrooms. The estimated home value is $1,673,000.
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:
- Top-rated Palo Alto schools: Addison Elementary, Frank S. Greene Jr. Middle, Palo Alto High.
- 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:
- Fully remodeled with modern kitchen (gas range, new appliances, external vent hood) and updated bathrooms.
- Second-floor, top corner unit with natural bright light and window coverings throughout.
- Two large balconies: one off the primary suite (with ELFA custom closet system), one off the main living area.
- In-unit washer and dryer.
- Large 2-car detached garage plus ample street parking.
- Beautifully landscaped outdoor areas.
- Pet policy: No feeding of wild/non-domesticated animals per HOA.
- Utilities and internet not included.
- Communication: Landlord and tenant agree to use text/email as primary means per CA civil code.
Location Benefits:
- Prime downtown location: Walking distance to shops, restaurants, Caltrain station, and freeway access for commuters.
- Quiet section of University Ave with private retreat feel and scenic views of mature vegetation.
- Top Palo Alto schools and family-friendly community.
- Perfect for professionals, families, and commuters seeking a vibrant urban lifestyle with suburban comforts.