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Updated over 8 years ago,
Single Family zoned R-3, want to build 3 duplexes or 2 triplex
Good morning friends! Wondering if there is anyone in the Central Valley area of CA that is familiar with building duplexes or triplex. There is an old house for 159k in downtown Bakersfield (which would need to be scraped) that I have had my eye on. The lot happens to be zoned R-3, and I figured that we could build either 3 duplexes or 2 triplexes. Either way, we can fit 6 units....Is it more cost efficient to build 2 triplex as opposed to 3 duplexes? Can anyone steer me in the right direction or helpful tips? At 1,000-1,200 per door rent (demand downtown here is crazy), I am trying to see if it would make sense. I usually get a gut feeling about something, but this one has me all over the place. Thanks everyone!