All Forum Posts by: Andreas Blomst
Andreas Blomst has started 8 posts and replied 17 times.
Post: ADU Costs and Recommendations on a Builder in San Diego

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
I have build a couple ADU's and completely understand what you are saying about construction price. My recommendation is to look into a tiny home or modular. While San Diego may not like it, State law says they can not be excluded for use as ADU's and you can buy a 400 sq ft tiny home for around 65k.
Post: Advice for a Santa Barbara Project

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
Hi All,
I have a 2/2 SFH rental in Santa Barbara. Its about 8 blocks from State street, and my wife and I decided to develop the lot. We have approved and pulled permits to add a bedroom to the original house making it a 3/2 and adding a stand alone 2/1 ADU behind the main house. This is truly unique in that we have pulled and paid permits with no "owner occupancy requirement" which Santa Barbara has been requiring for many properties, making this property a true multifamily potential. The house is currently rented with tenants that are on a month to month, but are willing to live in the property during construction for a discount.
Due to some changes to our personal life situation, managing a new project is not something we can do at this time. So My wife and I have had some discussions with local real estate agents and have been disappointed to see that most don't add any value to the property due to the pulled permits.
Any advice on how to market this property or any recommendations on what to do?
Currently 2/2 rented for $3250/month
Value (according to real estate agents) $835k-$875
Pulled permits allow:
3/2 main house (adding 182 sq ft) estimated Owner builder cost of construction $45k.
Would rent for $3800
2/1 Back house (781 sq ft) Estimated Owner builder cost of construction $150k
Would rent for $2650
Andy
Post: California Eviction Attorneys

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
Post: Are real estate agents allowed to mislead buyers about a 2nd bid?

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
Post: The importance of physical fitness

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
Post: Is it a must to sign a contract with a realtor ?

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
Post: Tenant wants oven replaced, it's not broken

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
Post: TRI-PLEX in Lompoc CA

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
Hi Everyone, My wife and I have an accepted offer on a Tri Plex in Lompoc. This would be our first multifamily and our first rental in Lompoc. We live in Santa Barbara (about 1 hour away). Any advice on home inspectors in the area? Also, anything we should be aware of in terms of certain neighborhoods or unique situations to Lompoc? The Tri Plex is on the 700th block of E St. The numbers look good for CA.
Thank you!
Post: Why no Santa Barbara subforum?

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
I would love to go but will be in Atascadero taking care of parking issue with our rental. How do I find out about future meets?
Post: I found a deal that is bigger than me, now what?

- Investor
- Santa Barbara, CA
- Posts 17
- Votes 15
I just stumble across a property that needs a fast sale, all cash a must. I wanted to lock it in but the lawyer is demanding proof of funds and while I could probably borrow the funds I don't have them in the bank. Here are the numbers 1.1-1.2M value, cash price 720k House needs 70k in foundation and could use a bit of updating but is completely livable as is. I have walked house and am friends with listing agent. Anyone have any ideas or looking for a deal?