Renter · Alhambra, CA · Member since 2009 · 133 posts · 5 votes
Hi all,
I have a duplex rental property in Newport Beach CA and want to consider if tearing down old 25-40 year structures and building 2 new townhomes for sale makes any sense as opposed to an outright sales / exchange.
How would you get a idea of the costs , timeframe etc.
Approach some local builders and ask for estimates ( since they know the local building laws and standards ) ?
Typically your time frame schedule should be no more than 12 months and depending on your construction finishes, your looking at $200/SF to $250/SF.
Generally you can go to the city's website and pull up Building Permits issues with in the as 12 Months to get a look at the size and valuation in $ dollars of the Duplex's being built.
Contractor · Los Angeles, CA · Member since 2015 · 4k+ posts · 1k+ votes
11y
Some might devaluate the building cost to reduce permit fee, well, you know how that goes. 9 months just building alone, around $130-160/sq.ft. for me, simple and basic, granite tops, carpet and laminate floor, custom stained cabinets, asphalt shingle.
Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
11y
@Richard Chang We build new construction in the coastal areas of Orange County. We'd be happy to look at your property and give you our opinion as to whether or not it makes sense to tear down and rebuild, or remodel. Please shoot me a message if you're interested, and include the address so that we can get some preliminary information.
Lender · San Diego, CA · Member since 2014 · 143 posts · 38 votes
11y
@Richard Chang, I am a direct private money lender in CA and I also acquire properties to renovate and resell in several states, but I am based in San Diego. I know some contractors that would be open to evaluating. @Karen Margrave, is an amazing resource, so definitely reach out to her.