Gardena 8-Unit Development
The Gardena project consists of a 14,000 sq ft flat, fully usable lot, zoned for multi-unit development, positioned for rapid deployment and high-yield returns.
Project Specs
• Acquisition Cost: $1.5M
• Construction Budget: ~$2.0M
• Total Investment: $3.5M
• Build Program: Eight (8) new construction homes (3 bed / 2 bath each)
• Timeline to Full Occupancy: ~8 months from groundbreaking
Operating Performance
• Projected Annual Net Income: ≈ $350,000
• CAP Rate: ~12% on cost
• Stabilized Annual Rent Roll: ≈ $1,750,000 over 5 years
• 5-Year Hold Value: ≈ $6,000,000
Investor Return Profile
• The Gardena development delivers a near solar-to-solar capital recovery within 5 years.
• With an exit value of $6M and cumulative rents of $1.75M, investors are positioned for an effective ~100% total return over the 5-year hold period. Thousand Oaks – Investment Summary