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107
Posts
35
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Michael Ndjondo makadi
  • Investor
  • San Diego, CA
35
Votes |
107
Posts

Building Multifamily Home in San Diego county

Michael Ndjondo makadi
  • Investor
  • San Diego, CA
Posted

So, I'm still trying to get my first property and this time around I'm contemplating this triplex in El Cajon which sits on a large lot. Although, the possible development is not my primary reason to consider it, it is there for the take. So I wanted to get an estimate of building 5 other units on the lot and also learn about any potential pitfall. The zoning is RM2200 meaning with the given lot space, there is a possibility to add 5 more units in the near future. Do you guys think that it'll be a tremendous risk given the fact that I'm just getting started and should focus on getting something "safer"? I personally tend to strive the bigger challenge. 

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User Stats

464
Posts
143
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Pavan Sandhu
  • Developer
  • Sacramento, CA
143
Votes |
464
Posts
Pavan Sandhu
  • Developer
  • Sacramento, CA
Replied

Getting the lot's spilt might be the quickest way for you to start building/sell off/evaulate costs associated with whichever route you chose. Lot spilt could cost up to 50k easily. 

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