Garage Converted to Living Space makes $2,500/month

[@cardonaman]

This really is only beneficial in highly populated cities like la or new york. 2500 for a studio is unreal. Its beautifully done but thats just gouging at this poit

[@ThatADUGuy]

😮 yes I agree prices are getting super high and pricing people out 😢

[@minghiy]

So an existing garage was converted to a STUDIO adu and it still cost 150k? Dollars sound more like pesos to me at this point 🙄

[@ThatADUGuy]

So Cal prices are crazy

[@sentb5744]

Well done. Love the color of the kitchen cabinets, the bathroom floors and the pocket doors. Love the unit, but those details stood out to me.

[@ThatADUGuy]

Glad you like it! I thought it was well done

[@ericgutierrez4960]

What city? Some of these ADU contractors really inflate the potential rent income of ADUs. $2500 for a studio seems too high. For a small studio like that I’ve seen most ADUs in Los Angeles go for $1600 to $1900.

[@ThatADUGuy]

This is in a great area of LA. Not sure, but may be furnished and mid term.

[@theLovatoFam]

This is definitely California

[@ceezb5629]

Seems like $150K the person got ripped off. It’s a great build but $150K is ridiculous for that 20x20 build

[@ThatADUGuy]

​i would shop around in your market. Prices are higher than you would think.

[@SherylAnneFlint]

Cant help but to comment! I've done plenty of full home remodels and many updated small spaces, also garage remodels with usable storage for way way less, and used high end finishings, OMG this is very expensive, with no storage ,granted we did all the labor as well and he took 3months to build out😅 I'm in Florida it's not cheap here either LOL

[@siobhancyd9536]

Nice. Mine is 380 sq ft which cost me $85,000 and I'm getting 1650 a month for it in Bakersfield.

[@ThatADUGuy]

Awesome!!

[@ceezb5629]

How are you getting 1650 in Bakersfield? Tf? You’re making more per square foot than LA.

[@aimeevargas4016]

Who did you use for your conversion? I’m also in Bakersfield.

[@siobhancyd9536]

@aimeevargas4016 MGB Contractors. I also had them build me a fence to separate the properties so if I exercise the options to sell the adu separately it's a clean division of parcels.

[@siobhancyd9536]

@@ceezb5629 sure am.

[@kikimarie123]

Where did you get the bathroom vanity sink from? Is it a 24 or 30 inch? I love it. Beautiful place all around.

[@ThatADUGuy]

Looks like 24". Not sure but I like it too.

[@ThatADUGuy]

LA, yes sounds high.

[@TREYCEMONE]

I love your Oregon ADU, absolutely gorgeous. Why did this one cost so much more?

[@ThatADUGuy]

Thank you! 🎉 This was build by a contractor, we self build. Also LA prices are really high.

[@jaywebb0113]

I have a 3 bed room 1.5 bath with garage for $1350 , why would any one pay $2500 for a studio in someones back yard?

[@ThatADUGuy]

Location I would assume. Seemed high to me too. What area is your unit in?

[@jaywebb0113]

@@ThatADUGuy In Dallas/Ft Worth a suburb. and its the house I live in.

[@ThatADUGuy]

@@jaywebb0113 love TX

[@josephkishak6142]

I lived in Austin texas El Paso Chicago Hawaii. Nothing is like Cali. I understand now why people don’t want to leave or leave and come back to Cali. I’m one of them. Location matters.

[@jimbomunoz4594]

$2500? Wth

[@hankgonzales5048]

Nice work, keep it going.

[@ThatADUGuy]

Thanks!

[@kdockrey]

Joseph's work is always very tasteful.

[@ThatADUGuy]

Indeed, I think that build a great unit.

[@janitoronfire]

I like his content.

[@ThatADUGuy]

Yes, he is great. Direct and to the point. I like his content too!

[@MisoEgo]

Who’s paying anywhere over $1,600 for that?!?!!????

[@ThatADUGuy]

Location minded tenants with money I would assume

[@philippetersen64]

2500 a month is bullshit talk about greed man give it a rest

[@ThatADUGuy]

Price out a 30 year mortgage on the primary house, then add the build out price on. Dont forget taxes and hazard ins. It would be cash flow negative.

[@startfromzer0podcast]

$2500 for a studio garage conversion?! This is ridiculous. Better be in Dubai.

[@ThatADUGuy]

So Cal prices in good areas are really high. 😮😮

[@MsGenesis92]

Can you do a similar design garage conversion for 100k? Realistically?

[@ThatADUGuy]

Depending on your market and finishings, yes you could find a builder to come close to that. We only build our own units, sorry.

[@sintonias]

Where do you sit to eat?

[@ThatADUGuy]

I would put a small dining table in.

[@sintonias]

@@ThatADUGuy Where? There is no space for one.

[@elishawenzel8397]

Wow it’s nice but that’s still a lot of money I feel.

[@DS_92]

You’re going to get $1500-$1800 for that…at best. Which makes ROI about 7 years. On average, that means you won’t be living there anymore. Are you getting your extra $150k on selling the house - doubtful.

[@ThatADUGuy]

This is not my unit and i build and hold ADUs is OR, not CA. This was data from the homeowner on the So Cal ADU tour. I just checked market rate. Looks to be $2000-2900. Here is the search. Make sure to filter to stand alone units, npt shared wall for a like for like comp.🎉🎉

[@ThatADUGuy]

losangeles.craigslist.org/search/apa?housing_type=3&housing_type=6&max_bathrooms=1&max_bedrooms=1&min_bathrooms=1#search=1~gallery~0~0

[@MsKelize]

Absolutely will get that. No problem...

[@Paolablanton]

$2,500/mo?!?! WTF

[@ThatADUGuy]

😮 i know! Southern CA prices are crazy!!

[@eljoister370]

Need help with mine i want to converted

[@ThatADUGuy]

What area are you in?

[@eljoister370]

@@ThatADUGuy santa ana ca

[@ThatADUGuy]

@@eljoister370 copy.

[@ThatADUGuy]

@@eljoister370 here is a link to Realm if you want 3 bids within 3 weeks. Just an option. calendly.com/kerry-44/realm-advisor-consultation-thataduguy?month=2024-03/?Derek

[@eljoister370]

@@ThatADUGuy I want to do it my self but I want you to be my mentor do you offer that service

[@jcamp7005]

nope

[@shelcampbell6464]

Insanity

[@ericsabot8369]

😂 your a criminal.its worth 25000

[@conanbarbarian3797]

rip off

[@ThatADUGuy]

High costs in that area.