1055 BERKELEY Ave Menlo Park, CA 94025
1055 BERKELEY Ave Menlo Park, CA 94025
Price: $765,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 950 |
| $/Sq. Ft.: | $805 |
| Lot Size: | 10,018 Sq. Ft. |
| Age (Years): | 60 |
| Year Built: | 1948 |
Last sale: Aug 31, 2005 $820,000
Loss if sold for asking: $55,000 or 6.7%
Comments: Could this be a good investment? Supposedly it includes an unwarranted studio and the house and studio are both being rented out for a total of $3500 a month. Now if you buy it at $765k and put 20% down. You may be able to get a 30 year fixed loan at 6% and your mortgage would be $3669.25 a month. I guess as long as you or your tenants don’t mind living on the 101 you could be a landlord and lose less than $1000 a month! The plot of land is pretty big, though. So you will have plenty of room to build another shack on the highway and rent it out for another $1000. What an amazing opportunity!
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