Sacramento, CA buy and hold

[Dan Sundberg]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $605,000
Cash invested: $120,000

Rehabbed the main house, and converted a detached garage to an ADU to rent out separately.

What made you interested in investing in this type of deal?

This allowed us to create a cash flowing property in a high appreciation market. Also, Sacramento is in an intense housing shortage, so anything to add additional housing to the area is of interest to me.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Personal savings

How did you add value to the deal?

Added a bedroom in the main house, new flooring, and cosmetic refreshes in the main house. New plumbing and electrical. Converted 275 sq ft garage into studio apartment.

[Colleen Chen]

@Dan Sundberg Stumbled upon your post while looking up posts regarding add-ons in Sacramento County. How is your project coming along? Did you personally apply for permits or did you work with a contractor or ADU specialist to support with that? I'm noticing lots of 3bedrooms for under $450K and adding an additional bedroom/bath would be great value add! What would you say are average costs for those add ons? I'm sure it differs by property based on many factors, but a range helps! Do you have any pics of your project so far? Thanks for sharing!