Updated over 5 years ago on . Most recent reply
Anaheim SFR with ADU conversion from detached garage
Investment Info:
Single-family residence buy & hold investment in Anaheim.
Purchase price: $675,000
Cash invested: $161,000
SFR to convert detached garage into ADU with relaxed ADU requirements with New California state laws. Estimated additional investment of $80,000 plus solar if permitted after 1/1/2020.
What made you interested in investing in this type of deal?
Ability to have cashflow once ADU complete. New laws allowing ADU's for home owners who do not live on property
How did you find this deal and how did you negotiate it?
Broker
How did you finance this deal?
Local Lender
How did you add value to the deal?
Add 2 bedroom ADU out of detached garage.
Most Popular Reply
@Chad New
Any chance you know how to get the property to appraise for your estimated value? I completed my ADU a few months ago and want to refinance my property, but I have no idea what the ADU is worth and don't want to pay for an appraisal if it's not going to show value to the ADU.