Building Better Communities

Mission: Expand housing options on the Central Coast and deliver increased property value to owner - partners.

What We Do

  • Partner with existing homeowners to create additional housing opportunities in our community.

  • Provide an option for homeowners to tap into their property's equity without having to sell or get a loan.

  • Apply local or state concessions and allowances to help meet housing needs in SLO County.

  • Reposition under-utilized properties and seek value add opportunities for owner-partners.

  • Help homeowners realize the full value of their property and assess ways to increase wealth through property ownership.

Partner With Us

  • You retain ownership of the property.

  • We analyze ways in which your property’s value can be increased via state density laws, lot splits, creation of additional dwellings, or other value-add opportunities.

  • We collaborate on the best option to proceed with.

  • We sign a simple partnership agreement laying out expectations. We pay for an appraisal of the as-is value of the property. 

  • There is zero cost to the property owner. We invest funds to pursue the agreed upon value-add opportunity. 

  • We are reimbursed the actual costs invested in your property.

  • We split proceeds of the net value increase of your property in a mutually beneficial arrangement.  

How it Works

  • Step 1 - Analyze

    We offer a FREE, no-obligation 1 hour on-site consultation to learn more about your goals, assess property eligibility, and craft potential alternatives for value-add opportunities.

  • Step 2 - Partner

    A simple agreement outlining expectations, in which you retain ownership rights and responsibilities for the property, while we put up the money for value-add entitlements and/or improvements.

  • Step 3 - Execute

    We engage a team of professionals to carry out the value-add business plan. Upon sale, project costs are reimbursed and profits are split between partners.

Eligible Properties

  • Multiple detached dwellings on one parcel

  • Corner parcels and street to street lots

  • Residences with a detached garage

  • Properties with large yards

  • Land-locked parcels

Case Study #1

Three legal, non-conforming residences located on a single parcel presents financing and barrier-to-entry challenges for many buyers. Process three-lot parcel map to allow for sale/financing of each residence individually.

Ending Value
$3,200,000 (est)

Net Increase in Value
$420,000

Starting Value
$2,700,000

Investment
+/-$80,000 to engage surveyor, record tentative and final maps, City application fees and dedicated utilities.

Case Study #2

2-bedroom single family home and duplex located on a 7,500sf corner parcel. Create separate Assessor Parcel Numbers [APNs] and work with the City to install dedicated utilities to each structure, allowing each parcel to be sold individually thereby increasing overall value.

Ending Value
$1,750,000

Net Increase in Value
$450,000

Starting Value
$1,100,000

Investment
+/-$200,000 to install dedicated utilities, create utility easement and renovate properties.

Case Study #3

Purchase of a land-locked parcel by a client who owned the adjacent parcel. Thereafter, process a lot line adjustment to create two more desirable, buildable and feasible sites for future development.

Ending Value
$450,000

Net Increase in Value
$338,000

Starting Value
$42,000 (land-locked parcel)

Investment
+/-$70,000 to process lot-line adjustment, install a well, and deliver electric service.

Meet the Team

  • Brian Cowen, Civil Engineer

    CO-FOUNDER

    Cal Poly graduate with extensive development, construction, and project management experience including local government and private development. Lives in SLO with his family. P.E. Lic 81352

    Brian@CentralCoastHousingSolutions.com

  • Graham Updegrove, Real Estate Broker

    CO-FOUNDER

    Successful real estate broker and investor with over 250 sale transactions and $125M of real estate sold within SLO County and various rental properties under management. Lives in SLO with his family. Lic 01873454

    Graham@CentralCoastHousingSolutions.com