# Buena Vista Avenue

**Type**  
Two New Single Family Homes and an Existing Primary Home

**Regulatory Approach**  
SB 684

**City**  
Alameda (East Bay)

**Total Cost**  
$4.0m

**# of Homes**  
3

**Cost per home**  
$1.3m

**Timeline**  
20 months

**Before**  
  
Click to enlarge

**After**  
  
Click to enlarge

## Development Approach

This compound used the following regulatory approach to develop the homes shown.

**Selected**  
✓

### Qualified for SB684 Multifamily Development  
This property qualifies for up to 10 primary units on subdivided parcels with potential ADUs.

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Other potential development scenarios

✓

### Qualified for an ADU  
This property qualifies for a new detached ADU.

**Show Details**

—

### Not Applicable: SB9  
SB9 does not apply: not single-family zoned.

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—

### Not Applicable: SB1123 Small-Lot  
SB1123 does not apply: not single-family zoned, property is not vacant.

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## Timeline

**Design**  
2 months

**Permitting**  
8 months

**Site Work**  
2 months

**Construction**  
8 months

**Duration**  
Total Duration: 20 months (~1.7 years)

## Financials

**Total Project Cost**  
$3,987,849

3 new units · 2,767 new sf

**Acquisition**  
49%

**Soft Costs**  
9%

**Hard Costs**  
42%

**Cost Breakdown**  
- **Acquisition** ▾ $1,957,000  
- **Soft Costs** ▾ $340,581  
- **Hard Costs** ▾ $1,690,268

**Unit Economics**  
- **Original Property**  
  - # of original homes: 1  
  - # of new homes: 2  
  - Total homes: 3  
  - Per Home Cost: $1.96M  
- **Build New Homes**  
  - Per Home Cost: $1.02M  
- **All-In Total Project**  
  - Per Home: $1.33M

**Size Summary**  
- # of original sq ft: 3,096  
- # of new sq ft: 2,767  
- Total sq ft: 5,863  
- Per Sq Ft Cost Summary:  
  - Original: $632  
  - New: $734  
  - All-In: $680

**Total Costs**  
- Original: $1.96M  
- New Homes: $2.03M  
- Total: $3.99M

**Financing Estimate**  
- Acquisition Loan (80%): $1.52M  
- Construction Loan (65%): $1.32M  
- Cash at Close: $437K  
- Cash During Build: $711K  
- Total Cash Needed: $1.15M

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## More Compounds

\Six New Single-Family Homes\**Sixth Avenue**](/content/fieldguide/listings/menlo-park-sb684-compound/index.html)

\A New Single Family Home and an Existing Primary Home\**Cortez Avenue**](/content/fieldguide/listings/burlingame-sb9-compound/index.html)