Flipper/Rehabber · San Diego, CA · Member since 2015 · 22 posts · 15 votes
Hello,
I am putting together my first development project which will be a 10 unit apartment building complex in San Diego, California which we will then hold as a rental. I have all the number for construction, management, insurance, etc etc. However I am stumped on what water usage would roughly cost. The units would be 2 bed 1 bathroom. I know water rate vary by county and city but any insight would be much appreciated.
Real Estate Agent · Louisville, KY · Member since 2015 · 54 posts · 12 votes
10y
We have 12 units all 2 bedroom 1 bathroom in KY and pay $800-$1000 for water every other month. Each unit has laundry and several families with children.
Real Estate Agent · Louisville, KY · Member since 2015 · 54 posts · 12 votes
10y
We have 12 units all 2 bedroom 1 bathroom in KY and pay $800-$1000 for water every other month. Each unit has laundry and several families with children.
Investor · Houston, TX · Member since 2016 · 25 posts · 10 votes
10y
I've got a 48 unit in Houston that has 16 1/1 and 32 2/1 and the average for the last year was $22.71/unit/mo. Each of those units has a stackable w/d but we have almost no families with children and no onsite laundry.
Developer · San Diego, CA · Member since 2015 · 1k+ posts · 1k+ votes
10y
Yo @Dustin Kircher! If it's in the City of SD, you're going to be required to put in sub-meters for each unit. That said, my units with no outdoor watering average about 35 gallons per person per day. Water and sewer together is a tad over $0.01 per gallon in SD. So, do the math based on occupancy.
And, get ready for a very bitter pill when you go to pay those water and district fees on those new units. Ouch.
Flipper/Rehabber · San Diego, CA · Member since 2015 · 22 posts · 15 votes
10y
@Justin R. I was aware of the sub meters however not sure of the water and district fee's. What cost are you seeing when paying for those? I have allocated a good budget for "Soft Costs" which I would put those fee's into. Thanks for the help!!
@Justin R. I was aware of the sub meters however not sure of the water and district fee's. What cost are you seeing when paying for those? I have allocated a good budget for "Soft Costs" which I would put those fee's into. Thanks for the help!!
Some variability, but based on fees current as of 2/2016, expect:
Water Capacity per unit: $3047
Sewer Capacity per unit: $4124
CWA Fees: $7666 (this is for a new 1" meter - more expensive for larger capacity meters)
Other soft costs include ROW (right of way) permit fees to dig up the street and attach to the water and sewer mains. Design and permit processing for that will probably run about $2k.
You're probably already planning for horizontal costs on the water and sewer main install. The Class A work in the public right shouldn't be surprising if it's in the $15k range. Then, everything on your property including backflow and fire riser hookup, and the sub-meters.
If your project is in one of the planned districts, you'll get a fee per unit from that. In my last project, that was $4k per unit to the Urban Planned District (forgot what it was technically called).
Can't wait to hear more about the project next time I run into you!
4 Unit in Phoenix. My water bill is $220 - $250 a month. Units are 2 bed, 1 bath, 800 sq. feet.
I'm not sure if that is useful or not considering costs vary throughout the country. Can't you look at similar sized units for sale in San Diego and find out what the current owner paid for water last year? Without a doubt he claimed it on his taxes. I know I did.