3460 Harding St Carlsbad, CA 92008

3460 Harding Street Carlsbad, CA 92008

This property is currently a single-family home on an 8,797 square foot lot located in Carlsbad, west of Highway 5. The project is expected to scrape the existing structure, add six two bed two bath 1,100 sqft row homes with garages, and two one bed one bath 640 sqft ADUs. Being so close to the beach, shops, and park, this community has a high demand for rentals.

Purchase DateSept 21
Anticipated Hold Time12-18 Months
Original Units1
Units Added8
Purchase Price$1,300,000
Renovation Cost$2,594,000
Entitlement Cost$180,000
Carry Cost + Reserves$352,193
Cap Rate on Cost7.31%
Total Cost on Project$4,246,193
Return on Cost45.28%
Expected Sale Price$6,200,000
FUND PROFIT**$976,903

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