




Infill Development Investment Opportunities:
996–8 Pine Ave, Carlsbad, CA 92008
3450–60 Harding Ave, Carlsbad, CA 92008
4038–42 Normal St, San Diego, CA 92103




Infill Development Investment Opportunities:
996–8 Pine Ave, Carlsbad, CA 92008
3450–60 Harding Ave, Carlsbad, CA 92008
4038–42 Normal St, San Diego, CA 92103
This information is for illustration and discussion purposes only. It is not intended to be, nor should it be construed or used as investment, tax, or financial advice, any recommendation, or an offer to sell, or a solicitation of any offer to buy, an interest in any security, including an interest in this company or in any other investment or project managed or advised by Reditus Fund I, LLC. Any offer or solicitation of an investment may be made only by delivery of the Reditus Fund I, LLC and its affiliates confidential offering documents (collectively, the “Offering Documents”) to accredited and/or sophisticated investors. Prospective investors should review carefully and rely solely on the Offering Documents in making any investment decision. Targeted returns discussed in this presentation are used for measurement or comparison purposes and only as a guideline for prospective investors, shareholders or other to evaluate this opportunity. Targeted returns should be evaluated over the time period indicated and not over shorter periods. No representation is made that Reditus Fund I, LLC will or is likely to achieve its objectives, that Reditus Fund I, LLC’s business plan will be successful, or that an investor in Reditus Fund I, LLC. and its affiliates will or is likely to achieve results comparable to those shown or will make any profit or will not suffer losses or loss of principal. An investment in Reditus Fund I, LLC involves risks, as disclosed in any final offering docs.
THIS PRESENTATION INCLUDES OR MAY INCLUDE CERTAIN STATEMENTS, ESTIMATES, AND FORWARD-LOOKING PROJECTIONS WITH RESPECT TO THE ANTICIPATED FUTURE PERFORMANCE OF THE COMPANY. SUCH STATEMENTS, ESTIMATES, AND FORWARDLOOKING PROJECTIONS REFLECT VARIOUS ASSUMPTIONS OF THE MANAGER THAT MAY OR MAY NOT PROVE TO BE CORRECT OR THAT MAY INVOLVE VARIOUS UNCERTAINTIES. NO REPRESENTATION IS MADE, AND NO ASSURANCE CAN BE GIVEN, THAT THE COMPANY CAN OR WILL ATTAIN THE MANAGER’S PROJECTED RESULTS. ACTUAL RESULTS MAY VARY, PERHAPS MATERIALLY, FROM SUCH PROJECTIONS.
Any statements made in this presentation are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
All investments, including real estate, is speculative in nature and involves a risk of loss. We encourage any investors to invest carefully. We also encourage investors to get personal advice from your professional investment advisor, CPA or other trusted financial advisor and to make independent investigations before acting.
IT IS IMPORTANT YOU UNDERSTAND THAT WHILE WE ARE PROVIDING PROJECTIONS BASED ON THE FACTS AND FIGURES AVAILABLE, NO ONE CAN TRULY PREDICT THE FUTURE.
The homes on this lot will be demolished to accommodate an additional 14 units.
An additional 24 one bedroom units behind two single-family residences that are currently stabilized.
An additional 24 one bedroom units behind two single-family residences that are currently stabilized.
1.43 Million
Diego Regional Population, Jobs, and Housing Forecast
A GLANCE: Why Reditus Exists
Investing should follow job and housing trends. Supply/Demand imbalance will continue to grow and rents will continue to increase.
1. Incentivize Construction
2. Increase Housing Supply
WHY THIS MATTERS: Local municipalities are focused on creating housing for moderate-income families, which in turn creates unique opportunities for property owners to build wealth.
While California has traditionally had complex red tape to receive permits for brand new housing construction, current political leadership at every level has decided to help alleviate the housing affordability crisis by allowing more density to be added where there are existing structures.
Adding units on lots with existing housing does not require:
1. Paying for new land
2. Dedicated parking
3. Waiting years for permits
4. Other costly infrastructure often required to build a new single-family home.
PRE- 2020
Existing legislation permits single family house without zoning variance only.
JAN 1, 2020
Assembly Bill 670 creates Civil Code 4751 allowing for easy development of Accessory Dwelling Units (ADUs).
NOV 9, 2020
San Diego passes the “Complete Communities” bill allowing multiple ADUs in exchange for infrastructure investments.
SEPT 9, 2021
Newsom signs SB9 & SB10 into California state law allowing for multiple ADUs, effectively abolishing single-family zoning.
Purchase:
$889,000 (July ‘21)
Existing Units
2 Units Added
2 Sale
$3.2M (July ‘23)
Hold Time 24 months