# Dowling Boulevard

## Overview

**Type**  
A New Single Family Home and an Existing Primary Home  
**Regulatory Approach**  
SB9 with lot split  
**City**  
San Leandro (East Bay)  
**Total Cost**  
$2.4m  
**# of Homes**  
2  
**Cost per home**  
$1.2m  
**Timeline**  
19 months

### Before

*Click to enlarge*

### After

*Click to enlarge*

## 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

| Phase        | Duration   |
|--------------|------------|
| Design       | 2 months   |
| Permitting   | 8 months   |
| Site Work    | 1 month    |
| Construction  | 8 months   |
| **Total Duration**  | **19 months**  |

## Financials

**Total Project Cost**  
$2,381,221  
2 new units · 1,750 new sf  
**Breakdown:**  
- Acquisition: 44%  
- Soft Costs: 7%  
- Hard Costs: 49%

| Category      | Amount      |
|---------------|-------------|
| Acquisition   | $1,041,845  |
| Soft Costs    | $162,501    |
| Hard Costs    | $1,176,875  |

### Unit Economics

| Metric                 | Value      |
|------------------------|------------|
| # of original homes    | 1          |
| # of new homes         | 1          |
| Total homes            | 2          |
| Per Home (Original)    | $1.04M    |
| Per Home (New)         | $1.34M    |
| Per Home (Total)       | $1.19M    |
| # of original sq ft    | 1,967      |
| # of new sq ft         | 1,750      |
| Total sq ft            | 3,717      |
| Per Sq Ft (Original)   | $530      |
| Per Sq Ft (New)        | $765      |
| Per Sq Ft (Total)      | $641      |
| Total (Original)       | $1.04M    |
| Total (New)            | $1.34M    |
| Total (Project)        | $2.38M    |

### Financing Estimate

**Acquisition Loan (80%)**  
$809K  
**Construction Loan (65%)**  
$871K  
**Cash at Close**  
$233K  
**Cash During Build**  
$469K  
**Total Cash Needed**  
$701K

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