Build 3-plex or sell as is now in Hayward CA?

[Mikhail Petrenko]

Good evening everyone!

I am remodeling 3 bd 1 ba in Hayward now (close to HomeDepot). Comps are around 600k ARV.

My potential profit is around 100k.

OR

I can refinance the first unit and I can build 2 more units (the property has R2 zoning - so, 1 more 3/1 and 2/1 ADU) for 400k and rent all three units out for 8k total.

I think such a triplex could cost around 1.2-1.5 Mio.

What way would you choose in the current conditions?