335 Crum Rd- Investment Opportunity

335 Crum Rd

Details

335 Crum Rd

Investment Opportunity

Investor Return up to 30%

Details

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.

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.

Investment Details

The current fundraise for the project is $300k in mezzanine financing. Investors are paid back in a balloon payment of principal and interest at either the property sale or property refinance. Investment timeline is 6 to 12 months with the following breakdown:

The current fundraise for the project is $300k in mezzanine financing. Investors are paid back in a balloon payment of principal and interest at either the property sale or property refinance. Investment timeline is 6 to 12 months with the following breakdown:

Project Expense:

$ 677,000- Property Acquisition

$ 150,000- Overhead/Closing/Carry

$ 550,000- Renovation Expense

$1,397,000- Total Project Expense

Capitalization Structure:

$ 642,000- Loan 30-Year Fixed

$ 200,000- Owner/Developer Contribution- Equity

$ 500,000- Mezzanine/Joint Venture- Debt

Estimated Value:

$1,650,000- Property Value after Improvements

$1,227,000- Projected Loan & Investor Payoffs

$ 423,000- Total Estimated Equity

Investor Return:

0-6 Months- 10% Return

6-9 Months- 15% Return

9-12 Months- 20% Return

12-18 Months-25% Return

18+ Months- 30% Return

Project Expense:

$ 677,000- Property Acquisition

$ 150,000- Overhead/Closing/Carry

$ 550,000- Renovation Expense

$1,397,000- Total Project Expense

Capitalization Structure:

$ 642,000- Loan 30-Year Fixed

$ 200,000- Owner/Developer Contribution- Equity

$ 500,000- Mezzanine/Joint Venture- Debt

Estimated Value:

$1,650,000- Property Value after Improvements

$1,227,000- Projected Loan & Investor Payoffs

$ 423,000- Total Estimated Equity

Investor Return:

0-6 Months- 10% Return

6-9 Months- 15% Return

9-12 Months- 20% Return

12-18 Months-25% Return

18+ Months- 30% Return

Investment Details

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

Bedrooms

Bathrooms

Square Feet

1,600

Garage

2 - attached & detached

Floors

The front yard of the house with a garage

Living room with stairs to the second floor

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

Strategy

Living room with a fireplace and a view of the pool

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

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.

Project Scope

Interior Improvements

Update Plumbing

Update Electrical

New Kitchen

New Bathrooms

High Ceiling in Living Rm

Window Wall at Living Rm

ADU addition- 266 sq ft

House Addition- 243 sq ft

New Fixtures Throughout

New Flooring

Exterior Improvements

New Roof

New Windows

New Entry

Updated Finishes

Site Improvements

Addition of Retaining Walls

Updated Landscaping

Deck at Living Rm

Concrete Flatwork at Entry

Improvements to Driveway

Epoxy Coating at Driveway

Pool & Spa

Updated Gate

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.

Comparable Sales

Comparable 1

2195 Wilton Dr. Cambria, CA

Sales Price

$1,675,000

Bedrooms

Bathrooms

Floors

Square Feet

1,740

Lot

1.74 acres

Sale Date

May 15, 2026

Details

Older house rehab- updated with modern elements

Comparable 2

1535 Via Rojas , Templeton, CA

Sales Price

$1,725,000

Bedrooms

Bathrooms

2.5

Floors

Square Feet

3,000

Lot

.37 acres

Sale Date

Dec 18, 2024

Details

Mediocre Design, Pool, Views

Comparable 3

1257 Rich Ct, San Luis Obispo, CA

Sales Price

$1,855,000

Bedrooms

Bathrooms

Floors

Square Feet

1,759

Lot

0.26 acres

Sale Date

April 6, 2026

Details

Older home updated with modern finishes

Developer

J. 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.