📍 Location: Monrovia, CA (near Old Town)
🏡 Original: 900 sq ft SFR
🏗️ Conversion: +1,200 sq ft back unit
📈 Result: $650K equity gain, 4× rental income
Intro:
A tiny house with a big price tag scared buyers away — but we saw land value and zoning flexibility. What followed was a transformation.
The Situation:
- 2 bed / 1 bath, 900 sq ft
- Overpriced for size and income potential
- No competition due to lack of vision
The Strategy:
- Invested $250K to build a new unit
- Original house upgraded to 2 bed / 2 bath
- Rented both units at market rate
Results:
- Property value as SFR: $800K
- Renovated value: $1.35M
- Equity gain: $650K (~85% ROI)
- Rental income: ~$65K annually (4× original)
Takeaway:
Understanding zoning, location, and timing made all the difference.
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