**Current Project: 69 White Street – Watsonville, CA**
A 4-unit, build-to-rent residential development located in the heart of Watsonville. Permits are nearly approved, and we’re ready to break ground.
Project Type:
4-Unit Residential
Build-to-Rent
Projected Completion:
10–12 Months After Construction Start
Exit Strategy:
Refinance & Hold
(20-Year Rental Hold)
**Numbers That Matter**
- **Projected After-Build Value (ABV):** $2.3M–$2.5M
- **Estimated Monthly Rent:** $13,200
- **Construction Budget:** $1.5M
- **Family/Developer Equity Invested:** $300K
- **Estimated Cap Rate:** 5.3–5.7%
