GREENBELT BEAUTY OF HERMOSA BEACH
while the main house is on a small local street, this attached garage conversion is located along the greenbelt in hermosa beach. the main house is separated by an entire floor and the former interior staircase has opened up extra storage closets for both the main house (upstairs) and ADU (downstairs). the location is perfect to attract tenants who are fitness oriented and like to spend time outside on foot. It is locate a blissful walk to all of the shops, restaurants and attractions of downtown hermosa beach.
Type
ADU Garage Conversion
Location
Hermosa Beach
size
514sf
features
· Electrical main panel upgrade to 400amps
· Separate electrical metering
· Upgraded finishes
· Tile in bathroom and kitchen
· Recessed lighting
· Exterior concrete patio and fence
project cost
Construction Total: $87,571
Cost per sq ft: $172/sf
Total Change Orders: $1,109 (1.27% of project total)
Rent and NOI analysis
$2,600 Average Rent
- $509 PITI (@3.5% interest)
= $2,091 Monthly Net Income (NOI)
financial return on investment
Annual NOI: $25,082
5 Year NOI: $125,433*
10 Year NOI: $250,866*
Years to breakeven (Annual Rent/Total Cost): < 3 years*
*Does not consider annual rent increases
Interested in kickstarting your very own ADU project?
Sign up for a free ADU phone consultation today and get your questions answered!