400 sqft house in San Bruno: $470,000
Reports
849 2ND AV
SAN BRUNO (San Bruno) 94066
Detached Single Family (Class 1)
Bed/Bath: Studio / 1
SqFt: 400
Lot: 1 to 4,500 SqFt
Age: 99 years
List Price: $470,000
Remarks
Excellent opportunity to extend or rebuild. Convenient location to all Amenities of Downtown. R3 Zoning.
Now, granted this is R3 zoned, the lot is at most $4,500 sqft! So what exactly are you paying for at this $1000+ per sqft house?
Easy: Convenient access to SFO. Basically this house is going to be swept up by a rich foreigner (have you see the US Dollar lately?) to be owned for transit reasons. Let’s say you need to connect through SFO to go somewhere – well, you could drop by your little house to take a shower. It sure beats a Japanese capsule hotel!
I bet you can buy it now, and flip it to someone who doesn’t get paid in US Dollars in a heart beat. Trust me on this!
October 19th, 2007 at 7:23 am
Freeway noise, check. Heavy traffic on San Bruno Ave, check. Caltrain racket (but too far from the station), check. Airport noise, check check check check check.
A location for the deaf only, like living in a war zone. And not even good for a teardown – the lot is about a third of the width of the apartment complex next door. You’d have to do some funky front-to-back duplex thing.
October 19th, 2007 at 8:23 am
Actually, burbed does make a good point; this would be a pretty decent crash-pad for airliner crew on layover.
October 19th, 2007 at 8:27 am
Why don’t we tear these little POS bungalows down and replace them with trees or parks or something that adds bio-diversity? Ah hell…just put a new coat of paint on it, add some granite counters and dual-pane windows and flip it for $600K.
October 19th, 2007 at 9:42 am
Uh, hello. That’s an R3 plot. Build a condo farm!
October 19th, 2007 at 9:45 am
This has got to be the most insane Burbed property yet – even more so than the “falluja” place.
The only thing that could begin to make this make sense is, it IS priced in US Dollars.
I’m sure we’ve all heard of the story from Germany’s Weimar period inflation, that a busboy working at a hotel saved ONE gold coin and was able to use it to buy the whole hotel.
Let that be your guide…..
October 19th, 2007 at 10:01 am
Burbed: Have you taken a look at the street view? The lot is only as wide as the yard.
October 21st, 2007 at 9:38 pm
This San Bruno house is listed as 99 years old. It looks like it might be an original “earthquake shack”, the pre-fab post ‘06 houses given to refugees after the earthquake. It looks the right size and shape. If so, the only right thing to do would be to landmark it! http://www.outsidelands.org/shacks.php Then no one could tear it down!
October 27th, 2007 at 12:24 am
What’s up with the garage/extended front entrance?
I see a future 3 bedroom already with just some more wood panel and DUAL PANE window!