[quote=UCGal] . . . And if there are deep footings for the retaining walls – better make sure your grader is OSHA certified. That limits your pool of grading contractors.
Add about $100k to the project before you even consider the building portion of the project.[/quote]
I completely agree, UCGal. I thought about the expensive retaining walls when realizing that a heavily sloped driveway would need to be built right next to the house if it were to be on the upper lot only.
I have found plans online for these types of side-to-side-sloping steep lots and they are far and few between, most with storage areas and patio or rear-entry garages under a deck. There is no alley in this particular block.
It will be challenging for this new owner but I believe it will still be quite profitable or he/she will be happy with the final result to live in if he knows what he is doing, the order he is doing it in and does not waste mat’ls/labor. This street will bear the price. About two blocks upslope from there, in the vicinity north of Plum, rehabbed properties become prohibitively expensive.
It is very rare to find one available “infill” lot in 92106, let alone two adjacent ones. This buyer is very fortunate, IMHO.
