17th-2 Rehab Deal
This was acquired in April 2022. Has a big corner lot and 2 bed 1 bath smaller home. The home needs extensive work. The plan would be to remodel the existing home, add additional square footage to the existing and add an ADU. This will mostly be retained as a passive income property for long term
Rehab Details
| Property City: | San Jose |
| Property State: | CA |
| Purchase Price: | $1000k |
| Rehab + Other: | $500k |
| Money Cost: | |
| Sale Price: | Hold for Passive Income |
| Gross Profit: |
***June 25, 2023***
1) Completed – Foundation, Framing, Electrical and Plumbing Rough, Roof, Landscape Cement Work
2) In progress – Taping/Texture, Drywall Painting, Electrical, HVAC
3) Project is going really well. Target Completion Aug.
***April 9, 2023***
1) Construction Started
2) Foundation Inspection Passed
3) Framing, Rough Plumbing, and Electrical work to continue
***Dec 19, 2022***
1) 4 round of revision submitted to city for extension and ADU permits
2) Front unit completed and rented out.
3) PGnE has given the date of May 2023 for the electrical upgrade 🙁
***Aug 31, 2022***
1) Front unit almost ready for new tenant (2 weeks away)
2) PGnE permit approval to take over 10 months
3) Extention and ADU permits city comments being addressed by architect
***July 13, 2022 ****
1) One of the newer acquisitions around April 2022
2) Existing 2 bed 1 bath needs a major renovation
3) Working on permits for extending the current home and building an ADU
4) Permits pulled for existing home renovation
