A tiny residence in California, measuring just 35 square meters, was recently put up for sale for an insane $1.7 million. Despite the high price tag, the property received 6 offers within a week.
The apartment has one bedroom, one bathroom, and a large yard, and is located in one of the most attractive neighborhoods in Silicon Valley. The high median household income in the neighborhood, exceeding $223,600 according to the US Bureau of Population Management, along with the top schools in the area, make it a sought-after place for families. "I think the current asking price is low in relation to the tremendous potential of the property, and it will continue to rise. This is an amazing opportunity for investors and also for a family that will be ready to roll up their sleeves to build the house of their dreams on the land," said one investor who submitted an offer on the apartment.