01
Overview
01
Overview
01
Overview
335 Crum Rd is a home flip project in Templeton, California. The project involves converting an older property into a unique, luxury modern home and adding an additional apartment. The renovation is expected to more than double the value of the property. The current fundraise for the project is $500k.
335 Crum Rd is a home flip project in Templeton, California. The project involves converting an older property into a unique, luxury modern home and adding an additional apartment. The renovation is expected to more than double the value of the property. The current fundraise for the project is $500k.
01
Overview
02
Property
02
02
Property
02
Property
Property
Location
335 Crum Rd, Templeton, CA 93465
Area
Central Coast California - North San Luis Obispo County
Central Coast California
North San Luis Obispo County
The property was originally built with a gambrel-style beam structure. These unique architectural "bones" make this home an ideal candidate for a renovation project. The property is located on a 1/4 acre at the base of hill which offers both privacy and elevated views. The location is a quiet, custom home neighborhood within walking distance of downtown Templeton.
The property was originally built with a gambrel-style beam structure. These unique architectural "bones" make this home an ideal candidate for a renovation project. The property is located on a 1/4 acre at the base of hill which offers both privacy and elevated views. The location is a quiet, custom home neighborhood within walking distance of downtown Templeton.
Year Built
1979
Year Built
1979
Year Built
1979
Year Built
1979
Bedrooms
3
Bedrooms
3
Bedrooms
3
Bedrooms
3
Bathrooms
2
Bathrooms
2
Bathrooms
2
Bathrooms
2
Square Feet
1,600
Square Feet
1,600
Square Feet
1,600
Square Feet
1,600
Garage
2 - attached & detached
Garage
2 - attached & detached
Garage
2 - attached & detached
Garage
2 - attached & detached
Floors
2
Floors
2
Floors
2
Floors
2
03
Renovation Strategy
03
Renovation Strategy
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Renovation Strategy
The renovation strategy of the project is to leverage the gambrel-style beams and transform the home into an innovative luxury home with modern forms, as shown by the living room transformation below
The renovation strategy of the project is to leverage the gambrel-style beams and transform the home into an innovative luxury home with modern forms, as shown by the living room transformation below
03
Strategy
Exterior Renovation
The exterior of the home will be updated with a modern entry, standing seam metal roof, updated finishes, new windows, and modern elements throughout
The exterior of the home will be updated with a modern entry, standing seam metal roof, updated finishes, new windows, and modern elements throughout
Additional ADU
The remodel includes the addition of an ADU (Accessory Dwelling Unit) which will increase the square footage of the property and substantially increase the overall value of the property
The remodel includes the conversion of the existing detached garage into an ADU (Accessory Dwelling Unit) which will increase the square footage of the property and substantially increase the overall value
The remodel includes the conversion of the existing detached garage into an ADU (Accessory Dwelling Unit) which will increase the square footage of the property and substantially increase the overall value
Site Improvements
Site improvements include the addition of retaining walls and the installation of a grass yard, pool, and spa.
Site improvements include the addition of retaining walls and the installation of a grass yard, pool, and spa.
Project Scope
Project Scope
Project Scope
Project Scope
Interior Improvements
Update Plumbing
Update Electrical
Update Plumbing
Update Electrical
Update Plumbing
Update Electrical
Update Plumbing
Update Electrical
New Kitchen
New Bathrooms
New Kitchen
New Bathrooms
New Kitchen
New Bathrooms
New Kitchen
New Bathrooms
High Ceiling in Living Rm
Window Wall at Living Rm
High Ceiling in Living Rm
Window Wall at Living Rm
High Ceiling in Living Rm
Window Wall at Living Rm
High Ceiling in Living Rm
Window Wall at Living Rm
ADU addition
ADU Kitchen & Bath
ADU addition
ADU Kitchen & Bath
ADU addition
ADU Kitchen & Bath
ADU addition
ADU Kitchen & Bath
New Fixtures Throughout
New Flooring
New Fixtures Throughout
New Flooring
New Fixtures Throughout
New Flooring
New Fixtures Throughout
New Flooring
Exterior Improvements
New Roof
New Windows
New Roof
New Windows
New Roof
New Windows
New Roof
New Windows
New Entry
Updated Finishes
New Entry
Updated Finishes
New Entry
Updated Finishes
New Entry
Updated Finishes
Site Improvements
Addition of Retaining Walls
Updated Landscaping
Addition of Retaining Walls
Updated Landscaping
Addition of Retaining Walls
Updated Landscaping
Addition of Retaining Walls
Updated Landscaping
Deck at Living Rm
Concrete Flatwork at Entry
Deck at Living Rm
Concrete Flatwork at Entry
Deck at Living Rm
Concrete Flatwork at Entry
Deck at Living Rm
Concrete Flatwork at Entry
Improvements to Driveway
Epoxy Coating at Driveway
Improvements to Driveway
Epoxy Coating at Driveway
Improvements to Driveway
Epoxy Coating at Driveway
Improvements to Driveway
Epoxy Coating at Driveway
Pool & Spa
Updated Gate
Pool & Spa
Updated Gate
Pool & Spa
Updated Gate
Pool & Spa
Updated Gate
04
Investment Details
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Investment Details
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Investment Details
The current fundraise to carry out the project is $500k. The return offered to investors is 25% accrued annually. Investors are paid back in a balloon payment at either the property sale or property refinance.
The current fundraise to carry out the project is $500k. The return offered to investors is 25% accrued annually. Investors are paid back in a balloon payment at either the property sale or property refinance.
Additional Details:
Current Debt/First Trust Deed is $640k
Projected property value upon completion +$1.4 Million
Estimated investment timeline- 12 - 18 months
Investment secured by 2nd Trust Deed
Additional Details:
Current Debt/First Trust Deed is $640k
Projected property value upon completion +$1.4 Million
Estimated investment timeline- 12 - 18 months
Investment secured by 2nd Trust Deed
04
Investment Details
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Market
05
Market
05
Market
05
Market
Templeton is located in North San Luis Obispo County. Over the last few decades, North County has become a wine destination boasting a vibrant wine market comparable to Napa. The wine industry in addition to an overall housing shortage in the county, has created a strong housing demand in Templeton and the surrounding areas.
Templeton is located in North San Luis Obispo County. Over the last few decades, North County has become a wine destination boasting a vibrant wine market comparable to Napa. The wine industry in addition to an overall housing shortage in the county, has created a strong housing demand in Templeton and the surrounding areas.
Due to the wine industry and nearby State hospital, Templeton is also a strong market for short-term vacation rentals, with wine tourists and traveling nurses the primary tenants for short-term rentals. This contributes to an increase in value for properties such as Crum Rd which are conducive to short-term rentals.
06
Comparable Sales
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Comparable Sales
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Comparable Sales
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Comparable Sales
Comparable 1
421 Burlwood Ln Templeton, CA
Sales Price
$1,200,000
Bedrooms
3
Bedrooms
3
Bedrooms
3
Bedrooms
3
Bathrooms
2
Bathrooms
2
Bathrooms
2
Bathrooms
2
Floors
1
Floors
1
Floors
1
Floors
1
Square Feet
2,243
Square Feet
2,243
Square Feet
2,243
Square Feet
2,243
Lot
.38 acres
Lot
.38 acres
Lot
.38 acres
Lot
.38 acres
Sale Date
Jan 10, 2025
Sale Date
Jan 10, 2025
Sale Date
Jan 10, 2025
Sale Date
Jan 10, 2025
Details
Mediocre Design, Pool
Details
Mediocre Design, Pool
Details
Mediocre Design, Pool
Details
Mediocre Design, Pool
Comparable 2
1535 Via Rojas , Templeton, CA
Sales Price
$1,725,000
Bedrooms
4
Bedrooms
4
Bedrooms
4
Bedrooms
4
Bathrooms
2.5
Bathrooms
2.5
Bathrooms
2.5
Bathrooms
2.5
Floors
1
Floors
1
Floors
1
Floors
1
Square Feet
3,000
Square Feet
3,000
Square Feet
3,000
Square Feet
3,000
Lot
.37 acres
Lot
.37 acres
Lot
.37 acres
Lot
.37 acres
Sale Date
Dec 18, 2024
Sale Date
Dec 18, 2024
Sale Date
Dec 18, 2024
Sale Date
Dec 18, 2024
Details
Mediocre Design, Pool, Views
Details
Mediocre Design, Pool, Views
Details
Mediocre Design, Pool, Views
Details
Mediocre Design, Pool, Views
Comparable 3
2372 Our Hill Ln, Paso Robles, CA
Sales Price
$1,895,000
Bedrooms
4
Bedrooms
4
Bedrooms
4
Bedrooms
4
Bathrooms
3.5
Bathrooms
3.5
Bathrooms
3.5
Bathrooms
3.5
Floors
2
Floors
2
Floors
2
Floors
2
Square Feet
2,990
Square Feet
2,990
Square Feet
2,990
Square Feet
2,990
Lot
22 acres
Lot
22 acres
Lot
22 acres
Lot
22 acres
Sale Date
Oct 2024
Sale Date
Oct 2024
Sale Date
Oct 2024
Sale Date
Oct 2024
Details
Large Hillside Lot, Views, ADU
Details
Large Hillside Lot, Views, ADU
Details
Large Hillside Lot, Views, ADU
Details
Large Hillside Lot, Views, ADU
07
Developer
07
Developer
07
Developer
07
Developer
Wayne Slade
Wayne Slade
J. Wayne Slade is a seasoned builder and real estate developer, specializing in design build, his background includes: custom homes, condominiums, remodels, production homes, and prefab homes. He has also carried out land assemblage projects in Nevada and California.
