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431 Florence Street, Palo Alto, CA 94301 Property Information

431 Florence Street, Palo Alto, CA 94301 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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431 Florence Street, Palo Alto, CA 94301
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Address

Primary address 431 Florence Street, Palo Alto
Zip code 94301
County Santa Clara
Neighborhood Downtown North Palo Alto
Parcel ID 120-15-046

Sales & Tax Overview for 431 Florence Street, Palo Alto

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Sale date 12/15/2025
Sale price $7,063,500
Arm's length
Property tax $23,481

Lot & Building Information for 431 Florence Street, Palo Alto

Building sqft 5,782
Building class Offices, High-Rise Office Buildings, Banks and Clinics (Category Also Includes Parking for Existing Office Buildings) (59)
Acreage 0.12
Lot sqft 5,152
Units 2
Year built 1991
Stories 2
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Zoning, Use & Area Overview

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Zoning district

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Other Property Data for 431 Florence Street, Palo Alto

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About 431 Florence Street, Palo Alto

How many sq. ft. does 431 Florence Street, Palo Alto, CA 94301 have & what is the price per sq. ft?

This Offices, High-Rise Office Buildings, Banks and Clinics (Category Also Includes Parking for Existing Office Buildings) (59) located at 431 Florence Street, Palo Alto, CA 94301 has a total of 5,782 square feet and a current price per square foot of $1,221.

What is the year built & the current market value of 431 Florence Street, Palo Alto, CA 94301?

431 Florence Street, Palo Alto, CA 94301 was built in 1991 and has a current tax assessor's market value of $1,954,642.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease.

Ownership Information

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Past Sales & Property History for 431 Florence Street, Palo Alto

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Purchase date Purchase price Buyer name Seller name
12/15/2025 $7,063,500
12/23/1993 $1,150,000
       
       
       
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Title Documents for 431 Florence Street, Palo Alto

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
12/15/2025 Grant Deed
12/15/2025 Grant Deed
12/23/1993 Deed
               
               
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R: Recorded date
D: Document date

Property Taxes for 431 Florence Street, Palo Alto

Access detailed property tax data for 431 Florence Street, Palo Alto, CA 94301. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax $23,481
Market value $1,954,642

Assessment History for 431 Florence Street, Palo Alto

Here's the assessment & property tax history for 431 Florence Street, Palo Alto, including the evolution of the total tax rate and corresponding property tax.

Year Assessment value Total tax rate Property tax Year over year change
2025-2026 $1,954,642 1.2013 $23,481 +4.35%
2024-2025 $1,916,317 1.1743 $22,503 +1.47%
2023-2024 $1,878,743 1.1804 $22,177 +1.13%
2022-2023 $1,841,905 1.1905 $21,928 +2.01%
2021-2022 $1,805,790 1.1904 $21,496 +2.17%

Permits for 431 Florence Street, Palo Alto

The complete history of permits filed for 431 Florence Street, Palo Alto, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Issued Permit Type Status
08/12/2016
08/18/2014
08/18/2014
08/01/2014
08/01/2014
02/11/2014
02/11/2014
11/13/2013
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Demographics by Zip Code

Total population 17,508
Median age 46.7
Average household income $342,324
Family households 61.6%
Occupied housing units 7,167
Owner occupied units 53.0%
Average number of people per household 2.4
Median year structure built 1957
Median value for units with a mortgage $2,000,001
Median value for units without a mortgage $2,000,001

Risk

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FEMA flood zone(s) 0.2 (See more on map)
Fire hazard zone See more on map
Faults and tsunami inundation zone map
Landslides and liquefaction map

Transportation

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Neighbors for 431 Florence Street, Palo Alto

Here are the neighbors for 431 Florence Street, Palo Alto.

Address Square feet Purchase date Purchase price
315 University Ave, Palo Alto
456 University Ave, Palo Alto 21,968
401 Waverley St, Palo Alto 4,050 09/16/2020
337 University Ave, Palo Alto 6,900 09/27/2012
380 University Ave, Palo Alto 6,144 12/11/2012
355 University Ave, Palo Alto 25,130
405 Kipling St, Palo Alto 04/22/2025 $3,295,000
375 University Ave, Palo Alto 7,500 10/12/2022
419 Waverley St, Palo Alto 05/16/2025
301 University Ave, Palo Alto 22,857
452 University Ave, Palo Alto 8,110 07/16/2003
390 Lytton Ave, Palo Alto 20,564 07/14/2008 $750,000
472 University Ave, Palo Alto 9,300 12/15/2025 $1,236,000
405 University Ave, Palo Alto 4,357 09/07/2018
451 University Ave, Palo Alto 6,800 02/07/2023
418 Florence St, Palo Alto 9,147 08/22/2022
328 University Ave, Palo Alto 6,400 03/29/2019 $12,000,000
340 University Ave, Palo Alto 15,030 10/17/2014
423 Kipling St, Palo Alto 2,441 09/06/2024 $2,850,000
305 Cowper St, Palo Alto 11/14/2019

Nearby ZIP Codes for 431 Florence Street, Palo Alto

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