All Forum Posts by: Adam Mayberry

@Richard Goore Send my way would love to learn more

@Leanna Mansour Message me some more info - may have something for him. Not corporate, but not his own family business anymore

 Unfortunately when you have a separate address, which the City requires, to submeter the utilities PG&E requires separate meters.

You can always have "Utilities included" with couple hundred dollars extra to combat the use

@Jim G. The Electric tankless is not very efficient. And hard to pass title 24. Even though electricity is actually more “green” code has not caught up with that yet.

I think more and more, especially in the Bay Area where housing is expensive and Baby Boomers have VERY low tax basis in their homes, ADUs will be very common place for sales of properties. There is a financial benefit for young families looking to buy a home to also look for an ADU for a mother/father or both to live in during retirement and or as a home base when they sell the "family home" and buy in a cheaper retirement area. The ADU is a way to downside, without incurring the costs of purchasing a new smaller single family home, or condo with HOAs....

Comp's haven't caught up yet, but if you can build for $300-400/sf and homes in your are sell for $700-$1500/sf - there has to be value in building that ADU square foot when you do go to sell, let alone collect the income for ongoing rental basis. It's a long term gain as an investor - not a get rich quick flip / flip / flip type scheme.

You would need to check with the city to see if they have verified permit for the addition, they should have some record - if not it would be assumed build without permits or regulation.

Note, if you do go to the AHJ to check permits, jurisdictions will not then flag it as having unpermitted work. Code enforcement usually happens when illegal work is happening or if it is causing a safety concern - most always when a citizen calls out the Code Enforcement on something illegal

Whats the address?

I shot you a quick email @Abraham bar , explaining some more as well!

@Abraham Bar

Anything under 120 sq ft doesn’t require a permit - but I would double check with a call 408 535 3555

@Austin Hendrickson How does it work if you are managing partner of the opz fund / opz project - as the sponsor?  You are essentially managing the development for fee then managing the property until the sale?  How does that sponsor benefit form partial ownership of said property if negotiated by the fund / investors inserting capital?