Anaheim SFR with ADU conversion from detached garage

[Chad New]

Investment Info:

Single-family residence buy & hold investment in Anaheim.

Purchase price: $675,000
Cash invested: $161,000

SFR to convert detached garage into ADU with relaxed ADU requirements with New California state laws. Estimated additional investment of $80,000 plus solar if permitted after 1/1/2020.

What made you interested in investing in this type of deal?

Ability to have cashflow once ADU complete. New laws allowing ADU's for home owners who do not live on property

How did you find this deal and how did you negotiate it?

Broker

How did you finance this deal?

Local Lender

How did you add value to the deal?

Add 2 bedroom ADU out of detached garage.