All Forum Posts by: Alex U.

 Would agree with this. Most wholesalers, are passing on deals that they can't flip the property themselves as their cost is less that 30% arv. So they markup to near retail rates and try to offload them under the guise of it being "wholesale" pricing.  

Keep the condo, thanks to prop 13, you have locked in a low property tax.  Save up for another down payment for the next property.

This one happened to have a bunch of single family homes built in the 50's built on land that was mixed use zone.  In return for the city allowing this much development, 50% of the units must be deed restricted for low income rent for 10/15 years.

 All good points.  ADUs come in many shapes and sizes.  Our city, has passed a law that if you live in a transit area, you can build unlimited ADUs in Single family zoning, adhering to height limits, and floor to air (FAR). Here is an example of 32 ADUs under 1 roof.  Notice the single family homes next door.  This used to be a single family home with 7k sq ft lot.

https://goo.gl/maps/HmeYVZh3Yx...

Would a Single Family Home and building 4 ADUs on it  be considered an inferior approach to purchasing a multi family zoned 4-plex?  There are very few multi family properties for sale in our area.  Wanted to see if anyone else has purchased a single family home and added multiple units to it, and how it would compare when selling this type of property from an appraisal standpoint.  

Thanks, Joshua, I think that is a great point. My understanding is with 4 or fewer units, comps are used, wheras with 5+, cap rates are the measure. With that said, if you are able to build 4+ units in a SFH zoned property due to these new permitting rules, what is the correct method to be used by appraisers for valuation comps/caps?

Most importantly, the question is will investors, start building ADUs on SFHs or stick to buying traditional multi-family zoned investments?

With San Diego's recent increase of Transit priority area, from 1/2 mile to 1 mile of a transit stop, most of city is now within a transit area. If you have a SFH with a large lot, and are okay with building low income housing, you can build quite a few ADUs, depending on the F.A.R, lot size, exact RS1-X zoning, etc.

How would you compare a SFH home with, for example, 9 ADUs ( 4 low income, 5 market priced) vs an 8 plex? If you can build at $250/ft, you could build 9 600sq ft units for 1.35M+ SFH cost. Finding an 8 plex for under 2.5M+ is hard in san diego. You would have a SFH zoning with a commercial loan likely.

What are the pros and cons of this approach vs buying a RM zoned multifamily and building ADUs?

Can anyone provide guidance on where to purchase sliding shower doors for a 3x5 shower?  thanks

Thanks I contacted thehomestore, looks like all the cabinets are from Vietnam...waiting on pricing from them.

All,

Looking to replace cabinets in a rental unit, need something durable, long lasting, modern.  Choices are:

- H Cabinet - $2k for 10 cabinets, white shaker

- Rainbow - $2800 10 cabinets, white shaker

-Cabinets 2go - $5k 10 cabinets, white shaker

Any recommendations on quality and lastability...go with white or another color.