Rent doubles at Bay Area home once occupied by Zuckerberg

2022-07-20 11:52:23 By : Mr. JACK PENG

"House of Facebook" in Los Altos, Calif., is for rent.

Late in the summer of 2004, Los Altos landlord Judy Fusco made her then-newly refurbished six-bedroom, 4.5-bathroom property in Los Altos available for rent. As reported by the New York Post, Fusco's first tenants were none other than Facebook founders Mark Zuckerberg, Dustin Moskovitz and Sean Parker. 

At the time, Fusco's asking price was $5,500 a month. Eighteen years later? The home has been re-listed for twice that amount: $11,000 per month.

Even adjusting for inflation, that's a huge increase. According to U.S. Bureau of Labor Statistics, $5,500 in September 2004 (when the home was first rented out by the Facebook founders) is the equivalent of $8,582 today.

The rental option is also an abrupt change from a few months ago, when the approximately 3,000-square-foot property was listed for sale at $5.3 million. That dropped to $4.998 million after a couple weeks on the market, and it remained for sale until July 15, when the listing was removed and replaced by the $11,000-per-month rental ask.

There's a bit of controversy about how much of Facebook's origin story can be traced back to this address. Moskovitz previously tweeted that there's "nothing historic about this house. We launched Facebook from the Harvard dorm." He wrote a whole thread about the aforementioned New York Post story, alleging that Fusco "made up" many of the anecdotes she relayed, including that the Winklevoss twins got in an argument with Zuckerberg on the property. "Judy Fusco is a clever realtor, but I hope the new owners don't assume this is true," he ended the thread.

If you're willing to look past some potentially inflated historical significance, the property has other attractive offerings, as you'd expect for a home valued in the millions of dollars. On Zillow, the listing agent notes that the home sits at the end of a cul-de-sac "with a personalized soundwall in the expansive backyard and gazebo perfect for BBQs and get-togethers." There are large bay windows in the living room, plus lots of natural light throughout. The front-facing balcony looks lovely, too.

All spots where young Zuckerberg may or may not have been plotting a global platform that has since pivoted to virtual and augmented reality after racking up an entire Wikipedia page of controversies. 

Alex Shultz is the local editor for SFGATE. You can reach him at alex.shultz@sfgate.com.