Hemlock Street: A Second Home for Retirement Income
The owner wanted to strengthen long-term rental income to support retirement. The property already had a three-bedroom, one-bathroom main house. Adding an ADU created a second home on the same lot.
2 homes
On one property
1,129 sq ft
Detached, two-story ADU
Approx. $225K
Owner-reported ADU cost, including construction, soft costs and contingency.
$6,600/mo
Estimated combined gross market rent, September 2026
Construction Progress
From framing to exterior finishes
Finished ADU Interiors
A closer look at the completed living spaces and finishes.
Our Role
Carlos provided comprehensive development oversight, helping coordinate the project from funding through construction and rental readiness.
Solving the Funding Challenge
Securing construction funding was a central challenge. A cash-out refinance of the existing property provided the capital needed to move the ADU forward.
Delivering a Rental-Ready Home
The detached, two-story ADU has three bedrooms and two bathrooms. City records show completion on June 18, 2021. The owner confirms it was ready to rent upon completion. Total ADU project cost was approximately $225,000, including construction, utilities and soft costs, according to owner reporting.
Estimated Rental Potential Today
Main House
3 bed / 1 bath, estimated $3,200/month or $38,400/year.
ADU
3 bed / 2 bath, estimated $3,400/month or $40,800/year.
Combined
Combined estimated $6,600/month or $79,200/year. Estimated combined monthly range $6,200 to $6,800.
These are September 2026 market estimates, not verified current collections or historical income. Amounts are before vacancy, operating expenses, reserves and mortgage payments. Actual rent depends on condition, parking, laundry, utilities and lease terms.
Sources: Market benchmark  Nearby asking rents