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2973 Mi Elana Cir

North Gate · Walnut Creek

2973 Mi Elana Cir

Style

Single Family Residence

Zoning

R-12

Year built

1960

Existing

3 bd · 3 ba

Interior

1,864 sf

Lot size

14,136 sf

$1,399,000

For Sale

Development Scenarios

Here's how you can use existing housing laws to add more housing units to this property. For illustrative purposes only, as actual site conditions should be verified in person.

Single-Family Homes and ADUs on Separate Lots

Add 1-2 potential units
$713K-$1.2M estimated cost
$738K-$1.3M future value add

Applicable but Space Constrained: ADU

Loading infill model...

Density level

Density controls will appear after the model finishes loading.

Generating the lot configuration for this scenario and density...

Financials

These estimates model the potential development economics for this scenario using local construction costs and comparable sale prices. They're provided for illustrative purposes only and aren't financial advice.

Selected ScenarioSB9
Estimated Project Cost
$2,154,459
SB9 scenario · 1 new unit · 1,445 new sf
Build Cost / SF
$
SB9 build cost$713,489
33% of project cost
Property acquisition$1,440,970
67% of project cost
Estimated Project Value (2 Year)
$2,137,143
$2,248,764 1-year project value ·
-0.8% total ROI
-$17,317 potential ROI
Added scenario value$738,143
35% of completed value
Current property value$1,399,000
65% of completed value
Acquisition67%
Soft Costs6%
Hard Costs28%
Value Projections
Today list price$1,399,000
24-month added value$738,143
24-month project value$2,137,143
Potential ROI-$17,317
Assumptions
Current sale / sf$751
Average sale / sf$677
Annual growth-13.1%
Comp bedrooms3
Comp radius5 miles
Price / sf sourceAverage sold comps
Added sqft1,445 sf
Cost Breakdown

Unit Economics
Original Property
Acquisition only
Build New Homes
Soft + hard costs
All-In
Total project
# of original homes
N/A
# of new homes
1
Total homes
1
Per Home
N/A
Per Home
$713K
Per Home
$2.15M
# of original sq ft
1,864
# of new sq ft
1,445
Total sq ft
3,309
Per Sq Ft
N/A
Per Sq Ft
$494
Per Sq Ft
$651
Total
$1.44M
Total
$713K
Total
$2.15M
Financing Estimate
Construction Loan

Estimate construction proceeds, cash required, and interest-only payments.

Construction Estimate
Loan Proceeds
Construction basis
Soft + hard costs
$713K
Loan proceeds
65% loan-to-cost
$464K
Cash required
Unfinanced development cost
$250K
Monthly payment
Interest-only estimate
$4K

Timeline

Typical project phasing based on the selected scenario, density, and generated development scope.

Estimated Total Duration

15 months

SB9

Design

Concept design, site planning, and early coordination.

2 months

Month 1 - Month 2

Permitting

Planning review, entitlement approvals, and building permits.

4 months

Month 3 - Month 6

Site Work

Utility coordination, grading, and site preparation.

2 months

Month 7 - Month 8

Construction

Vertical construction through final inspection.

7 months

Month 9 - Month 15

Property Overview

MLS: bridgeMLS

Property information from bridgeMLS

Listed by Rebecca Loboschefsky · Keller Williams Realty

bridgeMLS © 2026. Information Deemed Reliable but not Guaranteed. This information is being provided by bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 9, 2026 at 7:05 AM PDT.

Location

Data from Type Five
Jurisdiction
Walnut Creek
Zoning
R-12
Overlay Districts
-
Climate Zone
Zone 12
Transit Access (1/2 mi)
-

Natural Hazards

Data from Type Five
Flood Zone
X
Liquefaction Risk
Yes
Landslide Risk
No
Fault Zone
No

Fire Risk

Data from Type Five
Fire Hazard Zone
NOT IN A VHFHZ
Fire Responsibility
LRA
Wildfire Protection Req.
No
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