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

165 Forest Avenue 4b, Palo Alto, California 94301 home-pic-0

165 Forest Avenue 4b

Palo Alto, California 94301

ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,334Sq Ft
Lot Size

Property Price

LIST PRICE$1,695,000

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

Fair
TeardownExcellent

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state, featuring older white appliances and tile countertops, which aligns with the 'fair' criteria for functional but outdated major components.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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,3341,389.5
50%
Lot Size--
50%
Price$1.70M$1.85M
50%
Price per sq ft$1.3K$1.4K
33%
Built year19811981
50%
HOA$1031.0$1.0K
50%
Days on market3143
17%

Pricing History

Listed for Sale

Mar 4, 2026

$1,695,000

Initial Listing

Sold

Mar 25, 2016

$1,510,000

Public Record

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