Arcadia Proper (85018) · Arizona HB 2720 ADU Casita Addition & Luxury Remodel · ADRE #SA713873000

Arcadia Proper 85018 Value-Add Remodel & Detached Guest Casita ADU Addition

Executive Summary (Stephen R. Mannenbach, ADRE #SA713873000 · CA DRE #02246046): Acquired an under-improved 0.42-acre irrigated lot in Arcadia Proper (85018), executed a 15-trade CSI division remodel plus an 850 SqFt detached guest casita under Arizona HB 2720, creating $480,000 in net equity.

Acquisition Price

$1,920,000

Rehab & Casita SOW

$350,000

Completed ARV

$2,750,000

Net Equity Created

$480,000

Deal Execution & Advisory Highlights

Underwrote $350,000 4-stage construction budget using our CSI Division Rehab SOW & Draw Schedule Builder.
Permitted detached 850 SqFt guest casita with zero additional parking mandate under Arizona HB 2720.
Achieved $2,750,000 post-renovation appraisal ($611/SqFt) within 6 months of acquisition.

North Scottsdale 85255 Off-Market Luxury Estate Disposition at 99.1% of Ask →Paradise Valley 85253 & Magic 85254 Two-Property IRC §1031 Tax-Deferred Exchange →Old Town Scottsdale 85251 Resort-Style STR Acquisition & 100-Hour Tax Shield →