Monthly Archives: December 2021

Maximizing Revenue for Multifamily Owners Through ADUs
Maximizing Revenue for Multifamily Owners Through ADUs

How do you add value to an existing multifamily property without buying out tenants, or waiting for leases to turn, and implementing a typical renovation program? One of the easiest ways is to add additional dwelling units (ADUs) to the property by-right. At Casitas, maximizing revenue for multifamily owners through ADUs is common practice. ADUs are not a new concept…

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Quickest Entitlement Approval to Date
Quickest Entitlement Approval to Date

Congratulation to the team at Casitas for the quickest entitlement approval to date. 3 months from submission to approval for a new construction detached accessory dwelling unit (ADU) duplex 649 SF each. Imagine doubling your unit count without the California land basis! Case Study (Conservative): Existing Duplex Multifamily ADU Hard + Soft Cost: $377,787 (188,893 /door) NoI: $36,000 ($2,000 Mnt/Unit…

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