Pleasant Hill, CA SFH Flip (Addition | ADU)

Land & New Construction
8yFollow

Pleasant Hill, CA SFH Flip (Addition | ADU)

Nhi Nguyen
Contractor / Flipper · Hayward, CA · Member since 2014 · 195 posts · 86 votes

Greetings to everyone. Hope we're all heading to a great weekends.

As some of you probably know, I started a follow-along-my-flip post for local beginners here.

This one meant to be a branched off post for them, and anyone else interested, to follow along.

Some quick notes:

- Since these flips are meant to be for practice, I won't be posting numbers or plans ahead. :)

- I'm not really aggressive on profit margin.

------------------------

Here it goes:

- SFH, built 1950

- 1087 Sqft, 3/1

- Outdated but move-in condition

- Windows replaced within 2 years

- Roof replaced within 3 yrs

- Same condition houses in the same neighborhood sold for around $520-$560k.  

- Average quality remodeled sold for $600k+

- Purchase price and plan of actions will be in next post.

- More photos will be posted later.

Here are what I got at the moment:

2Reply
18 views

3 Replies

Jump to latestLatest
  • Nhi Nguyen
    OP
    Contractor / Flipper · Hayward, CA · Member since 2014 · 195 posts · 86 votes
    8y

    Hello all.  Here's some updates for this project:

    + Deficiencies: 

    - 3 beds but only 1 bath

    - 2 of the bedrooms are only 9' wide

    - kitchen is only 8' wide, closed in (through an 3' opening)

    - boring front elevation 

    + Bonuses:

    - big front yard

    - big back yard

    - great size side yard

    + Master plan:

    - Expand rear wall backward 2 more feet: enlarge bedrooms from 9' to 11' wide; make kitchen bigger & open floor plan

    - Bring front wall frontward to enlarge family room

    - Add master bathroom as a second one

    - Add small porch to make it looks a little more curb appeal.

    - Build a brand new ADU (2nd unit) in the back!

    + Progress:

    - Plan drawn & submitted to city last Friday.  

    - Expect to receive first round of comments before city takes off for holidays (in 2-3 weeks)

    - Best case scenario: plan approved first time around, start date first week of Jan

    - Second best case: start end of Jan.

    - Worst: start 2nd week of Feb.

    Here are before and after site & floor plans, and front elevations.

    Existing site plan

    New site plan

    1Reply
  • Alex Cordrey
    Fremont, CA · Member since 2017 · 1 post · 1 vote
    8y

    Hey Nhi, I'm new to BP and just stumbled on your thread.  I'll be following your progress, because this is exactly the kind of deal I think could work for me.  I'm also a GC, based in Fremont, CA.   I'd be excited to see how much your reno/in-law unit costs you to execute, and how much profit you get from the expansion... I'd also love to hear about your construction company, how many guys you have in the field, etc.  

    Cheers!
    Alex Cordrey

    1Reply
  • Nhi Nguyen
    OP
    Contractor / Flipper · Hayward, CA · Member since 2014 · 195 posts · 86 votes
    8y

    Hey @Alex Cordrey, thanks for the interest. We’re pretty small. 

    I don’t have a clear cut on my numbers.  But will try to keep track of the cost. 

    You’ve been around the Bay long?

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free