This project revolved around a single-family residence (SFR) that was rehabilitated and is currently going through entitlements for 8 additional units. The property was initially purchased for $709,000. The total investment, including acquisition and rehabilitation costs, amounted to $1,900,000. The current valuation of the project stands at $2,700,000, indicating a healthy growth in value.

• Single Family Home → (9) Units

• Purchased for $709,000, all-in cost $1,900,000, valuation $2,700,000

This Clairemont single family home is currently going through permitting for (5) ADUs. The renovation will be executed during the build, and likely produce ~$700,000 in value. We are excited to begin construction on this project likely in Late 2025

• Single Family Home → (6) Units

• Purchase for $910,000, all-in cost $1,800,000, Valuation $2,500,000

This development consisted of a four-unit property which underwent rehabilitation and is in the process of receiving entitlements for an additional 11 units. The initial purchase price was $1,950,000, with the overall investment reaching $4,700,000. The valuation of this project is currently estimated at $6,500,000, reflecting a significant appreciation in value and the successful scaling of the initial investment.

• (4) Units → (15) Units

• Purchased for $1,950,000, all-in cost $4,700,000, valuation $6,500,000