4805-7 Iroquois Ave, San Diego, CA 92117

4805-7 Iroquois Ave, San Diego, CA 92117


​​​​​​​4805-7 Iroquois Ave is a duplex situated in a quiet neighborhood behind the west side of Clairemont Dr. with a detached garage and views of Mission Bay. The existing garage off the back alley will be demolished, and in its place, two 3-story 1200 sqft. ADU’s with a garage on the ground floor are expected be built in the rear left corner of the property. This will maximize bay views with decks off the side of the ADU’s as well as a rooftop deck on the main house. The existing duplex will be repaired, and a duplex ADU will be built behind it, creating a four-unit property.

Purchase DateAug 21
Anticipated Hold Time10 Months
Original Units2
Units Added2
Purchase Price$940,000
Renovation Cost$565,000
Entitlement Cost-
Carry Cost + Reserves$150,000
Cap Rate on Cost6.56%
Total Cost on Project$1,655,000
Return on Cost31.40%
Expected Sale Price$2,327,733
FUND PROFIT**$336,367

Work With Us

Follow Us