ADU

“In California nowadays, you can add an ADU. So if you have a, you know, large enough lot. You can add an edu to it. And then again, now that you can add a junior ad.”

“LA's FARs on lots have gotten tighter. They used to be variable in different areas and now it's mainly just 45% of a lot sizes, you know, how much you can put on a property. So then the ADUs are bonus on, on top of that.”

“We could build ADU units for 202 120 square foot, even in LA County. And I could rent these for a minimum, 10% of that. Right. So like if you're, you know, a thousand square foot ADU or junior ADU might cost me a 180 to 220,000 to build, but I can easily get 2…”

“If you're buying a value add somewhere else and you need permits, the time for permitting is going to be a holding cost. But when you're building it in your own backyard, you're already paying the holding cost because it's in your backyard.”

“The case for the ADU is there's no land cost. You already own the land. There's no new market to learn. Talk about investing in your own backyard. You are literally investing in your own backyard, and that's a big information advantage.”

“On the project that we're doing that we're targeting twenty million, we had an option to maximize square footage and build an ADU. And I said, it's gonna completely invade your backyard, and it's going to ruin that kind of feeling of having this estate-style p…”