Palo Alto may not be the most popular city in the State of California. However, it takes pride in the fact that famous brands and personalities call it home.
This city in Santa Clara County has been a big name for years because of Silicon Valley. It has been known as the location of the headquarters of several big names in the tech industry.
Among the companies located in Palo Alto are the following:
Tesla Inc.
This 16-year-old Elon Musk-owned company is known for producing high-end electric-powered cars. When you say Tesla, you must be talking about an expensive vehicle.HP Inc.
William Hewlett and David Packard built their business in this part of the United States. This is where they designed and produced the oscillator, the company’s first-ever product.A9.com
This is a subsidiary of Amazon. A9 is into the development of search advertising technology and search engines.The business activities within the area have been responsible for the enormous number of jobs created therein.
Apart from these large firms, do you know it is also the birthplace of numerous famous personalities?
Brothers James and Dave Franco
Hollywood stars James and Dave Franco were born and raised in Palo Alto. In fact, their mom has reportedly remained in the city until now.How about considering buying a real estate palo alto to be neighbors with them?
Teri Hatcher
Do you remember Teri Hatcher, the actress who played Lois Lane in the TV series Lois and Clark, which ran from 1993 until 1997?Tad Williams
This New York Times bestselling author was famous for his literary work. He wrote the novel “The War of the Flowers.”Palo Alto is home to big brands and famous personalities, but what else does it offer? Regarding real estate, Palo Alto is a big name, too. It is known to have one of the country's most expensive real property costs. It’s a prime real estate that will only continue to appreciate over time. You can sell it at a higher price for a higher return on investment (ROI).
Bloomberg reported that a space equivalent to a king-size bed could cost over $80,000. It can go as high as $97,100 in Old Palo Alto. The cheapest rate is $80,900 and can be found in Ventura.
Looking at these figures, you can surmise that the value of the real estate in Palo Alto is high as if inviting socialites and celebrities to reside in this place. You can imagine a 42-square-foot space (the measurement of a king-size bed) being sold at almost $100,000.
The prices of properties in the city have been increasing over the years. This only means that if you decide to buy one now, you can add more value to it by developing it further.
