Uncommon Knowledge
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A one-bedroom, one-bathroom property with less than 400 square feet in Cupertino, California, has been listed for $1.7 million.
But the property has generated considerable interest, according to listing agent Faviola Perez, with about eight buyers raising their hand to acquire the property.
Perez told SFGATE that the unit is already under contract for “considerably over asking.” She would not reveal what that price was. The Zillow estimates puts the potential value at about $1.825 million.
Newsweek contacted Perez for comment via email on Wednesday.
The property is at 10036 Carmen Road in what its Zillow listing says is the “heart of Cupertino” with 384 square feet of residential space.
“Nestled at the end of a cul-de-sac, this property presents a rare blend of charm, potential, and premier location within a district renowned for its top-tier Cupertino schools,” the listing said. “While compact, this property is a powerhouse of possibilities. Whether you envision constructing your dream home, expanding the existing structure, or embracing a minimalist lifestyle, the potential is boundless.”
Perez told SFGATE that part of the “possibilities” the property offers is due to the size of the lot it sits on. The Zillow listing points out the total size of the property is 7,841 square feet.
“[The] lot itself offers ample space to bring your vision to life, surrounded by $4M-$5M homes, highlighting the exceptional value and investment potential at hand,” the listing said.
“It is more than likely that the structure will come down and a new home will be built in its place,” Perez told SFGATE.
Typical home values in Cupertino are about $3 million, according to Zillow, which is up close to 11 percent from a year ago.
One key selling point for the property appears to be that it is close to some of the area’s tech companies, which may explain why its valued so highly.
“Enhancing its appeal, the property boasts close proximity to major commute routes, making it ideal for professionals seeking easy access to Silicon Valley’s tech hub,” the Zillow listing said.
It also promises a plethora of hiking trails for nature lovers.
“Outdoor enthusiasts will appreciate the nearby trails and parks, offering abundant opportunities for recreation and relaxation amidst nature,” the listing added.
The unit, described as a single-family residence, was built in 1948 and is a one-story home.
“This property is more than just a home; it’s a canvas waiting for your personal touch,” the listing said. “Don’t miss out on this exceptional opportunity to own a piece of Cupertino’s highly sought after real estate market.”
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
If you visit Disneyland with any frequency, a discount from the usual price of more than $100 a day would feel like a blessing.
However, almost as soon as Disney recently offered a rare chance to purchase limited evening passes to its two Southern California parks at about half of the regular cost, the online speculation among Disney enthusiasts behind the company’s strategy spiked. It was no surprise that the lower-priced tickets sold out in about a week.
Some fans referred to the five-hour ticket as a “recession” indicator on social media or as a way to “capture random stragglers.”
Others believed the ticket offered fireworks enthusiasts an opportunity to catch a nighttime spectacular, while one person said the pass allowed visitors to partake in other Southern California activities before finishing their evening at Disneyland.
Buyers of the pass are first set to attend the parks this Sunday, with dates extending until August.
Disneyland officials brush off the speculation, saying the ticket sale is business as usual. Fortunately for us, industry insider Dennis Speigel offered some analysis behind the move.
Let’s jump into the offer and his thoughts on the deal.
Late last month, Disneyland offered a one-park evening pass for $59 to Disneyland or California Adventure. The ticket is good from Sundays to Wednesdays, starting this Sunday until Aug. 5.
California Adventure would allow evening patrons in at 5 p.m. until closing at 10 p.m. and Disneyland at 7 p.m. until closing at midnight.
A park reservation was still required for evening passes.
The tickets became available June 30 and sold out by July 6, according to a Disneyland spokesperson. Disneyland officials declined to say how many tickets were sold.
The ticket offering is not all that rare.
Similar opportunities began as far back as 1957 with Disneyland date nights admission running from 5 p.m. to 1 a.m, a park spokesperson said.
“Our goal is to provide guests with a variety of limited-time ticket offers throughout the year — this being just one example of that,” a Disneyland spokesperson said.
Speigel, founder and chief executive of Cincinnati-based International Theme Park Services, Inc., a theme park consulting firm, said theme parks, ranging from small, regional locales to international destinations are struggling with a “softness” in admission demand that began in April but became more acute in June.
That slump at Disney and Universal Studios properties nationwide, Speigel said in a call with The Times, is due to three primary factors: the economy, weather and the Iranian War.
“There’s a nervousness from visitors, a lack of understanding of what to expect because of the war and economy,” he said. “We saw something like that last year driven by tariffs with soaring gas prices, and we monitored how people started moving back on their spending.”
To counter that softness, Disney is turning to discounts, hoping to kindle interest, Speigel speculated.
“They understand their guests are in a crucible, and this drives the decision to discount,” he said. “People still want their escapes; that doesn’t go down. They just want to pay less to escape.”
Disney’s evening pass is also a shrewd offer because it aims to attract another type of guest: budget-minded locals who might be enticed by $59, Speigel said.
“It’s a smart attempt on Disney’s part,” Speigel said. “It moves in the local people who aren’t the season pass holders or tourists, and it fills the park. That’s what parks are looking to do right now.”
(Etienne Laurent / For the Times)
(Stephanie Breijo / Los Angeles Times)
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CALIFORNIA CITY, Calif. (KABC) — An Amber Alert was issued Friday by the California Highway Patrol for a 3-year-old child out of California City believed to be in imminent danger.
Emaria Peel, 3, was last seen Friday at about 7:17 p.m. in the area of Redwood Boulevard and 83rd Street in California City, according to police.
Authorities believe 31-year-old Charnay Mclin took Emaria. Investigators have not yet said what relationship, if any, Mclin has to the child.
The suspect was described as being 5 feet 9 inches tall, 185 pounds, with black hair and brown eyes.
The child was described as being 1 foot 6 inches, 20 pounds, with black hair and brown eyes.
Police believe they’re traveling in a gold-colored 2021 Kia Sorento with the California license plate: 36095DV
Mclin is considered armed and dangerous. Authorities wants anyone who sees them to call 911.
No further details were immediately known.
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A 17-year-old suspect has been arrested in Texas in connection with the deadly shooting after a high school graduation ceremony in Fairfield, California last month, police said.
Fairfield police said U.S. Marshals, accompanied by department detectives, served search and arrest warrants Friday morning at a home in the greater Dallas-Fort Worth area.
The teen was taken into custody without incident on suspicion of murder and related offenses.
Investigators said the suspect fled California and traveled to Texas within days of the June 3 shooting. He will remain in custody while awaiting extradition to Solano County.
The shooting happened after Sem Yeto Continuation High School’s graduation ceremony, which was held on the Fairfield High School campus.
Police said 18-year-old graduate Jamario Baker died at the scene. Three others – an 11-year-old child and two adults, ages 20 and 25 – were wounded.
Authorities have not released the suspect’s name because he is a minor.
Although an arrest has been made, police said the investigation remains active and detectives continue to pursue additional leads.
“While today’s announcement may provide a measure of relief to some, it does not lessen the pain felt by our community,” the Fairfield-Suisun Unified School District said in a statement.
Police plan to hold a news conference Monday at 4 p.m. to discuss the case and arrest.
Fairfield is a Northern California city about 40 miles northwest of San Francisco.
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