Jayne Avenue — The Friend Compound Field Guide
Jayne Avenue
A generously flexible one bedroom ADU tucked behind a three bedroom main home in Oakland.
Type
New ADU with an Existing Primary Home
Regulatory Approach
ADU
City
Oakland (East Bay)
Financials
$1.3m Total Cost
2 # of Homes
$664k Cost per home
10 months Timeline
Development Approach
This compound used the following regulatory approach to develop the homes shown.
Selected
✓
Qualified for an ADU
This property qualifies for a new detached ADU.
Qualified for SB684 Multifamily Development
This property qualifies for up to 10 primary units on subdivided parcels with potential ADUs.
Not Applicable: SB9
SB9 does not apply: not single-family zoned.
Not Applicable: SB1123 Small-Lot
SB1123 does not apply: not single-family zoned, property is not vacant.
Timeline
| Task | Duration |
|---|---|
| Design | 1 month |
| Permitting | 3 months |
| Site Work | 1 month |
| Construction | 5 months |
| Total Duration | 10 months |
Financials
Total Project Cost
$1,328,548
2 new units · 578 new sf
| Cost Type | Percentage |
|---|---|
| Acquisition | 59% |
| Soft Costs | 7% |
| Hard Costs | 35% |
| Cost Detail | Amount |
|---|---|
| Acquisition | $782,285 |
| Soft Costs | $87,238 |
| Hard Costs | $459,025 |
Unit Economics
| Category | Value |
|---|---|
| # of original homes | 1 |
| # of new homes | 1 |
| Total homes | 2 |
| Per Home (Original) | $782K |
| Per Home (New) | $546K |
| Per Home (Overall) | $664K |
| # of original sq ft | 2,108 |
| # of new sq ft | 578 |
| Total sq ft | 2,686 |
| Per Sq Ft (Original) | $371 |
| Per Sq Ft (New) | $945 |
| Per Sq Ft (Overall) | $495 |
| Total (Original Homes) | $782K |
| Total (New Homes) | $546K |
| Total (Overall) | $1.33M |
Financing Estimate
| Loan Type | Amount |
|---|---|
| Acquisition Loan (80%) | $608K |
| Construction Loan (65%) | $355K |
| Cash at Close | $175K |
| Cash During Build | $191K |
| Total Cash Needed | $366K |
Want to build something like this?
Share your goals and we'll figure out next steps.