137 Forest Ave, Palo Alto, CA 94301 Property Records

Santa Clara County property record for 137 Forest Ave, Palo Alto, CA 94301

Property Summary

Property Type	Bank, Financial Building
Details	4,531 sqft · built 1922
Lot Size	0.086 acres (3,750 sqft)
Owner	Company Name on File
Last Sale	$7,000,000 (Dec 2021)
Tax Bill	$95,331 (2025)
Deeds & Mortgages	Dec 2021 Assignment Dec 2021 Sale & Line of Credit
Flood Zone	Zone X (moderate risk)
APN	`120-27-084`

Property Details

APN / Parcel Number

Primary APN	`120-27-084`

Interior

Units	5 Units
Stories	2 Stories
Building Area	4,531 sqft Total Area
Elevator	Elevator

Exterior

Year Built	Built 1922
Effective Year Built	Effective 1922
Architectural Style	Custom Design
Construction Type	Wood
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	3,750 sqft (0.086 acres)
Lot Dimensions	100 ft deep x 37 ft wide

Utilities, Heating & Cooling

Cooling System	HVAC

Location & Zoning

Street Address	137 FOREST AVE
City	PALO ALTO
State	CA
Zip	94301-1613
Property Category	Commercial
Property Type	Commercial > Office > Bank, Financial Building
Local Zoning Code	RT50
Legal Description	TRACT
Legal Subdivision	W H H HARTS
Legal Block	6
Legal Lot Number	31-34
Jurisdiction	SANTA CLARA CA
Township / Civil Division	SAN JOSE
Census Block Group	2
Census Block	2019
Census Tract	511302

Owner

137 Forest Ave, a commercial property, is owned by a company that bought it in December 2021.

Source: Santa Clara County records, as of July 27, 2026

Owner of Record	Company Name on File
Mailing Address	1259 EL CAMINO REAL, MENLO PARK, CA 94025-4208
Owner Type	Company
Vesting	Limited Liability Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Dec 27, 2021	Assignment of Lease, Transfer OLD REPUBLIC TITLE, OLD REPUBLIC TITLE COMPANY
Dec 27, 2021	Grant Deed, Transfer · Line of Credit FIRST REPUBLIC BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 27, 2021 · Amount on File
Deed Sale	Dec 27, 2021 · Amount on File
Deed Document Number	202125203999
Prior Transfer Date	Jul 9, 2009
Prior Transfer Doc	0020338595
Record Updated	Sep 20, 2026

December 2021: Assignment of Lease, Transfer

Document Type	Assignment of Lease
Jurisdiction	SANTA CLARA CA
Recording Date	Dec 27, 2021
Property Address	137 FOREST AVE, PALO ALTO, CA 94301-1613
Document Number	0025204001
Map Reference	MB D PG 15
Instrument Date	Dec 21, 2021
Instrument	25204001
Transaction Type	Transfer
Record Updated	Jan 6, 2022
Title Company	OLD REPUBLIC TITLE, OLD REPUBLIC TITLE COMPANY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	111 PINE ST, SAN FRANCISCO, CA 94111-5602

December 2021: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	SANTA CLARA CA
Recording Date	Dec 27, 2021
Property Address	137 FOREST AVE, PALO ALTO, CA 94301-1613
Document Number	0025203999
Map Reference	VOL D PG 15
Instrument Date	Nov 19, 2021
Instrument	25203999
Transaction Type	Transfer
Record Updated	Jan 6, 2022
Title Company	OLD REPUBLIC TITLE, OLD REPUBLIC TITLE COMPANY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1259 EL CAMINO REAL # 419, 419, MENLO PARK, CA 94025-4208

Mortgage

Document Number	0025204000
Date	Dec 27, 2021
Instrument	25204000

Lender

Name	FIRST REPUBLIC BANK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

Tax Assessment & Valuation

The 2025 property tax bill for 137 Forest Ave was $95,331, up 4.1% from the year before.

Source: Santa Clara County assessment roll, as of July 27, 2026

Property Jurisdictions

Type	Name
State	California
County	Santa Clara County
Municipality	Palo Alto City
Unified School District	Palo Alto Unified School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value
2026		$7,577,023 (+2%) Land $4,979,187 Building $2,597,836
2025	$95,331.00 (+4.11%)	$7,428,455 Land $4,881,556 Building $2,546,899
2024	$91,567.00 (+1.42%)
2023	$90,289.00 (+1.06%)	$7,140,000 Land $4,692,000 Building $2,448,000
2022	$89,344.00

Assessed value is set for property tax purposes and is not a market price estimate.

Flood

FEMA maps place 137 Forest Ave in Zone X, an area of moderate flood risk.

Source: FEMA National Flood Hazard Layer, effective January 18, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 16 individual policies
Community Rating System	Class 6 (20% premium discount)
Nearby Flood Policies	91 units insured incl. 75 condo units

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 137 Forest Ave has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF PALO ALTO serves 67,658 people · EPA ID CA4310009
Water Source	Purchased surface water from several systems
Last State Inspection	Feb 2025
Also Mapped Here	SANTA CLARA VALLEY WATER DISTRICT
Lead	Under 1 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 281 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	1,000 / 75
Etheric Networks Fixed Wireless	250 / 100
AT&T Fixed Wireless · DSL · Fiber in parts of the area	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: GeoLinks.

Nearby Properties on Forest Ave

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures