2145 Park Boulevard, Palo Alto, California 94306, Palo Alto, - bed, bath

home-pic
ACTIVE$2,600,000
2145 Park Boulevard, Palo Alto, California 94306
0Bed
0Bath
1,545Sqft
7,530Lot
Year Built
1946
Close
-
List price
$2.6M
Original List price
$2.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015819
Home ConditionFair
Features
Patio
View-

About this home

Prime Investment Opportunity in the Heart of Palo Alto! Exceptional duplex located in one of Palo Altos most sought-after neighborhoods surrounded by major employers, top schools, and vibrant amenities. Ideal for both owner-occupants and savvy investors. Park Blvd includes: A front 2-bedroom, 1-bath unit (approx 883 sf), and a rear 1-bedroom, 1-bath unit (approx 660 sf). Each unit enjoys its own spacious and private yard, all on a generous 7,530 sq ft lot. Significant Development Potential: Zoned to build up to 3,009 sq ft (or more*), this lot offers multiple options to build two new homes, or a primary residence plus an ADU. (*ADUs, basements, and covered parking may be excluded from FAR calculations buyer to verify.) Premier Location: Just two blocks from California Avenue, soon to be transformed under the city's Uplift Local initiative into a vibrant, car-free, pedestrian-friendly district continuing to enhance livability and long-term value. Recent Improvements Include: New electrical system, All new copper plumbing, Roof repairs, New fencing. Bonus Opportunity: Convert the existing garage into a detached ADU to further increase rental income and property value. Don't miss this rare opportunity to invest, develop, or live in one of Silicon Valleys premier locations!

Nearby schools

8/10
Walter Hays Elementary School
Public,K-50.8mi
7/10
Escondido Elementary School
Public,K-50.8mi
8/10
David Starr Jordan Middle School
Public,6-80.8mi
9/10
Palo Alto High School
Public,9-120.9mi

Price History

Date
Event
Price
07/24/25
Listing
$2,600,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot1,5451,658
50%
Lot Size7,5306,915
50%
Price$2.6M$2.58M
50%
Price per square foot$1,683$1,561.5
50%
Built year19469725973
100%
HOA
Days on market103182
50%
Condition Rating
Fair

Built in 1946, this property has received significant functional updates including new electrical, copper plumbing, and roof repairs, which prevent it from being in 'Poor' condition. However, the absence of kitchen and bathroom images, combined with the property's age and the visible older elements (like the entryway flooring), strongly suggests that these critical areas are likely outdated in style and features. While major systems are functional, the aesthetic components likely require substantial updates to meet modern standards, fitting the 'Fair' criteria of being 'aged but maintained through regular upkeep and occasional updates' where 'major components are functional but show signs of being outdated'.
Pros & Cons

Pros

Premier Location: Situated in the highly sought-after heart of Palo Alto, surrounded by major employers, top schools, and vibrant amenities, just two blocks from the transforming California Avenue.
Significant Development Potential: The generous 7,530 sq ft lot is zoned to build up to 3,009 sq ft (or more), offering multiple options for new construction, including two new homes or a primary residence plus an ADU.
Income-Generating Duplex: Currently configured as a duplex with two separate units (2-bed/1-bath and 1-bed/1-bath), providing immediate rental income and flexibility for owner-occupants or investors.
Recent Infrastructure Upgrades: Key systems have been recently updated, including a new electrical system, all new copper plumbing, roof repairs, and new fencing, reducing immediate maintenance concerns.
Future Value Enhancement Opportunities: The property benefits from the upcoming pedestrian-friendly transformation of California Avenue and offers a bonus opportunity to convert the existing garage into an ADU, further increasing rental income and property value.

Cons

Age of Original Structure: Built in 1946, the property's age, despite recent upgrades, may imply potential for other unforeseen issues or require more extensive modernization beyond the listed improvements.
Buyer Due Diligence Required: The development potential, particularly regarding FAR calculations for ADUs, basements, and covered parking, explicitly states 'buyer to verify,' placing the burden and risk of confirmation on the purchaser.
Relatively Small Unit Sizes: The existing units are modest in size (approx. 883 sq ft and 660 sq ft), which might limit the tenant pool or rental income potential compared to larger, more modern units in the area.

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