Income-Generating ADU in Linda Vista
Coolidge Street, San Diego, CA 92111
Homeowner Story: Generate rental income
“To put it simply, the cost to build an ADU is about half of what the value of the unit will be worth upon completion. To use round numbers, you essentially build for 100 and it’s worth 200 at the end. Building that amazing equity, and eventually cashing out your initial investment with a cash out refi to do it again when the time is right. After listing for rent at the price, this unit rented within one day. There are very few nice detached rentals in San Diego County. The rental market will always be strong in San Diego County and there will always be a housing shortage because of limited space and population growth. San Diego will never not be the most beautiful city in the country.”
The above quote from this ADU investor in Linda Vista says it all. Built by an investor-owner on a lot with a duplex, this ADU was designed to be an efficient, income-generating unit with two bedrooms. See more in the videos.
2BR/1BA 30×21 Long
This small 2BR unit is for those tight on space who still want to have two bedrooms. The flexible layout allows for a living and dining area. You could also extend this plan in any direction to add more space.
The City of San Diego ADU Guide
SnapADU has built and is in the process of building dozens of granny flat projects within the City of San Diego. As such, we know the city’s ADU regulations and processes very well. Turnaround times at the city are drastically improving, with permitting taking 3-5 months in most cases (down from 8-10 months a year ago).
Of note, San Diego promotes the building of more ADUs through the affordable ADU bonus program. Some of San Diego is in the coastal zone, which will add additional time and cost to the permitting process for granny flats.