165 Forest Avenue 4b, Palo Alto, California 94301, Palo Alto, 94301 - 2 bed, 2 bath

165 Forest Avenue 4b
Palo Alto, California 94301
Property Price
SUMMARY
Analysis of 165 Forest Avenue 4b, Palo Alto, California 94301 is currently available with a list price of $1,695,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1981, the property is well-maintained and move-in ready with recent cosmetic improvements including fresh paint and new carpeting. However, the kitchen and bathrooms remain largely in their original or dated state, featuring older white appliances and tile countertops, which aligns with the 'fair' criteria for functional but outdated major components.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the heart of downtown Palo Alto, this property offers an exceptional walkable lifestyle with immediate proximity to University Avenue, Caltrain, and Stanford University.
- Rare Parking and Storage
The inclusion of two independent deeded parking spaces and a large private locked storage unit provides significant convenience and value rarely found in a high-density downtown setting.
- Abundant Natural Light
The open-concept floor plan is enhanced by Juliet balconies in every room and a private walk-out balcony, ensuring a bright, airy, and light-filled living environment.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $1,031 per month is relatively high, which may impact the overall monthly carrying costs and appeal for some prospective buyers.
- Dated Building Era
Constructed in 1981, the property may require further interior modernization beyond the recent paint and carpet to compete with newer luxury developments in the area.
About 165 Forest Avenue 4b
Rare opportunity to own in the heart of downtown Palo Alto. This light-filled 2-bedroom, 2-bath condominium offers open-concept living just steps from everything that makes Palo Alto exceptional. Freshly painted with new carpet throughout, the home features an airy living and dining space that opens to a private walk-out balcony, plus Juliet balconies in every room that draw in abundant natural light and fresh air. The thoughtful floor plan provides excellent separation of space, ideal for both daily living and guests. Two independent deeded parking spaces and a large private locked storage unit offer rare convenience in this downtown setting. Step outside and you are moments from University Avenue and the area's acclaimed restaurants and cafés, close to Caltrain, two minutes from Whole Foods, and within easy reach of Stanford University. Leave the car behind and embrace a truly walkable lifestyle in one of the most sought-after neighborhoods in Silicon Valley. There is something almost divine about the simplicity of living exactly where you want to be. 165 Forest Avenue, Unit 4B delivers that rare combination of location, light, and livability in the center of it all.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1031.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,334 | 1,389.5 | 50% |
| Lot Size | - | - | 50% |
| Price | $1.70M | $1.85M | 50% |
| Price per sq ft | $1.3K | $1.4K | 33% |
| Built year | 1981 | 1981 | 50% |
| HOA | $1031.0 | $1.0K | 50% |
| Days on market | 3 | 143 | 17% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,695,000
Initial Listing
Sold
Mar 25, 2016
$1,510,000
Public Record



















