269 O’connor St, Menlo Park, CA 94025 – 5 Beds, 4 Baths, $1,595,000
Gorgeous new construction built in 2008. Graciously designed home W spacious open floor plan. Craftsman residence feature 5BR & 5BA. Gourmet chef’s kitchen W granite counter & top line stainless steel appliances. Home equipped W alarm, intercom, entertainment, central A/C & vacuum system. Excellent serene neighborhood. Close to Stanford. Shopping & Highway.Rental is available for $6,500 per month
Hey this house is in Menlo Park? Why would it need a security system if it is in a serene neighborhood?
Burbed reader sonarrat has an explanation:
next block over is E Okeefe which is a whole bunch of rent-controlled apartments in East Palo Alto.
Oh. So maybe that’s why it’s just $609 per square foot and not a more healthy $750 per square foot.
But here’s the real question: is it better to rent this or to buy? Or to buy and rent it back out?
Come on finance wizards! I know its Friday, but come on, you’ve been laid off from your I-banking jobs so that’s why you’re in Silicon Valley, catching up on greentech. Until you land that job at the Next Hot thing, please help us out with your analysis!