This Menlo Park neighborhood is notable for the lovely 21-acre park at its center, the convenience of its proximity to Silicon Valley for those making the daily commute and its overall affordability. Those factors make the Flood Park neighborhood attractive, not just to residential home buyers, but also to investors seeking Palo Alto real estate investment property. Flood Park is close to Stanford University, Stanford Shopping Center, and the heart of Silicon Valley.
There are three communities within the Flood Park neighborhood: Lorelei Manor, Flood Park and Suburban Park, each made up primarily of single-family homes on lots of about 6,000 square feet. This neighborhood has its roots in the home construction boom that followed World War II, as do many of the housing developments in the Menlo Park area. This entire neighborhood is incredibly desirable from an aesthetic and economic prospective.
Of the many reasons to live in Flood Park, perhaps the most important is it offers the classic suburban lifestyle, the sort of living that created the modern American dream. In many ways, Flood Park retains much of its original character, from the high proportion of its single-family homes dating back to the 1940s and ’50s and the active neighborhood associations to the family-centered feel to the neighborhood’s overall atmosphere.
Three-bedroom bungalows, cottages and ranch houses make up the majority of the single-family homes in Flood Park. Remodeling hasn’t changed these homes dramatically, keeping the original, now vintage, feel to the neighborhood. Probably one of the most common additions to these homes is a second bathroom, and not every home has done that. It’s refreshing to see a neighborhood that has stayed true to its roots, successfully avoiding the McMansion plague that overtook so many suburban neighborhoods during the past couple of decades.
The centerpiece of the neighborhood, quite naturally, is the park. Here, families gather for picnics, reunions and assorted celebrations. With barbecue pits, sports fields and plenty of open space, the park has had a role in family togetherness for generations. Neighborhood associations help set the tone of Flood Park with book clubs, block parties and holiday festivities. They’re also active in helping to maintain the fine quality of the local schools.
When it comes to investing in homes in Flood Park, the desire for affordable homes is the bottom line. Families want to live in this neighborhood because the classic suburban lifestyle is affordable. For the savvy investor looking to become involved in rental properties, there’s significant opportunities for success in this neighborhood.
For the newcomer to rental properties, there can be a bit of a learning curve when it comes to maintaining both return on investments and property values. After all, these investment properties produce income best when ran as a business. A professional Silicon Valley property management team can be the ideal solution to that learning curve issue. Contact us to learn more about maximizing your rental home income potentials and long-term value.