# Pleasant Hill Road

**Type**  
A New Single-Family Home and Two New ADUs with an Existing Primary Home

**Regulatory Approach**  
SB9 with lot split

**City**  
Sebastopol (North Bay)

**Total Cost**  
$4.2m

**# of Homes**  
4

**Cost per home**  
$1.0m

**Timeline**  
21 months

**Before**

**After**

## 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  
**Design**  
2 months  
**Permitting**  
8 months  
**Site Work**  
2 months  
**Construction**  
9 months  
**Month 0**  
**Month 21**  
Design 2 months  
Permitting 8 months  
Site Work 2 months  
Construction 9 months  
**Total Duration**  
21 months

**Total Duration:**  
21 months (~1.8 years)

## Financials  
**Total Project Cost**  
$4,155,625

4 new units · 4,500 new sf  
**Acquisition**  
24%  
**Soft Costs**  
7%  
**Hard Costs**  
69%

**Acquisition** ▾ $1,004,250  
**Soft Costs** ▾ $273,875  
**Hard Costs** ▾ $2,877,500

**Unit Economics**

- **Original Property**  
  - Acquisition only

- **Build New Homes**  
  - Soft + hard costs

- **All-In Total project**

**# of original homes**  
1  
**# of new homes**  
3  
**Total homes**  
4

**Per Home**  
$1.00M  
**Per Home**  
$1.05M  
**Per Home**  
$1.04M

**# of original sq ft**  
5,502  
**# of new sq ft**  
4,500  
**Total sq ft**  
10,002

**Per Sq Ft**  
$183  
**Per Sq Ft**  
$700  
**Per Sq Ft**  
$415

**Total**  
$1.00M  
**Total**  
$3.15M  
**Total**  
$4.16M

**Financing Estimate**  
- **Acquisition Loan (80%)**  
$780K  
- **Construction Loan (65%)**  
$2.05M  
- **Cash at Close**  
$224K  
- **Cash During Build**  
$1.10M  
- **Total Cash Needed**  
$1.33M

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