All Forum Posts by: Account Closed

 Hello Greg,

just at checking the sales records of new constructions on the MLS, you can tell that there are many new houses and multi units built in los angeles built for less than a $100/sqft in low income areas

You can find 3500sqft new duplexes on 6000sqft lots selling for 500k in LA county or Sale price reflecting the land, construction costs and profit/risks, they must have an actual construction cost not exceeding $100 

Large new modern LEED houses are built in west hollywood for around $200/sqft

i see more and more are hybrid constructions, sort of mix of stick built and modular builds which probably save a lot on time and soft costs 

 I'm planning to develop and am looking at the construction costs for now

but assuming your development costs are right, there is no profit to make in construction

It would mean then that the investors who have invested in these properties below have lost money:

sold for $193/sqft including land 

http://guests.themls.com/Details/CA/LOS-ANGELES/15...

for sale at $136/sqft including land

http://guests.themls.com/Details/CA/LOS-ANGELES/13...

sold for $202/sqft including land

http://guests.themls.com/Details/CA/Los-Angeles/18...

Moses, i'm skeptical about your numbers; i was told that investors build high end LEED houses in west hollywood for $200/sqft so i would expect something closer to $100 for a cheaper type 3 apartment building using SIP and other prefabricated design elements 

Hello All,

i'm interested in the construction business and am shopping around to get $/sqft costs 

for new wood frame modern apartment buildings in mid class neighborhoods in LA county.

I only have experience in rehabilitation 

As example i take a 8000 sqft, 10 units, 2bd / 1bath, 2 story apartment building, wood frame, modern design, built on a 7000sqft flat lot with available utilities, in a mid class area in Los Angeles. Project would also include 8 covered parking spots, driveway, gate, and landscaping on 3000sqft. 

What would be the all included (engineering, permits, materials, labor,...)sqft construction cost on a $/sqft basis for the such a project excluding land? what about the time frame?

I was thinking about somewhere around $100/sqft for the building and 1 year to complete the project, but i might be wrong

thanks for any input!

Hello All,

interesting properties becoming scarce in the LA market, i'm thinking about digging into the pre foreclosure market. What is your experience with this acquisition strategy? 

How do you advertise yourself? direct mail to owners with large delinquent payments? "buying properties for cash" signs in areas of interest? 

I know where to find the pre foreclosure listings at the county's recorder office, but i have the feeling that it is a very laborious and sensitive job for very few leads; 

Any experience would be greatly appreciated!