Hampton Road — The Friend Compound Field Guide
Hampton Road
Type
A New Single Family Home and an Existing Primary Home
Regulatory Approach
SB9 with lot split
City
Piedmont (East Bay)
Total Cost
$4.3m
# of Homes
2
Cost per home
$2.1m
Timeline
20 months
Before
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After
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Development Approach
This compound used the following regulatory approach to develop the homes shown.
Other potential development scenarios
✓
Qualified for an ADU
This property qualifies for a new detached ADU.
Qualified for SB9 Single Family Development with Optional Lot Split
This property qualifies for SB9 development and may use a lot split for 1 new primary home and up to 2 new ADUs.
Not Applicable: SB684 Multifamily
SB684 does not apply: not multi-family zoned.
Not Applicable: SB1123 Small-Lot
SB1123 does not apply: property is not vacant.
Timeline
| Task | Duration |
|---|---|
| Design | 2 months |
| Permitting | 8 months |
| Site Work | 2 months |
| Construction | 8 months |
Total Duration: 20 months (~1.7 years)
Financials
Total Project Cost
$4,252,722
Acquisition
72%
Soft Costs 4%
Hard Costs 24%
| Cost Type | Amount |
|---|---|
| Acquisition | $3,053,950 |
| Soft Costs | $157,522 |
| Hard Costs | $1,041,250 |
Unit Economics
| Description | Original Property | Build New Homes | Total Project |
|---|---|---|---|
| # of original homes | 1 | 1 | 2 |
| Per Home | $3.05M | $1.20M | |
| # of original sq ft | 2,493 | 1,750 | 4,243 |
| Per Sq Ft | $1225 | $685 | $1002 |
Financing Estimate
| Description | Amount |
|---|---|
| Acquisition Loan (80%) | $2.37M |
| Construction Loan (65%) | $779K |
| Cash at Close | $682K |
| Cash During Build | $420K |
| Total Cash Needed | $1.10M |
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