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What should a dorm building cost per room? Can you show a comparable project in California to support that estimate?

• sudosysgen 5y ago
  The average cost of a condo unit in the state of California is around 400 000$ :https://homeguides.sfgate.com/california-condo-vs-house-92553.html https://homeguides.sfgate.com/california-condo-vs-house-9255... https://la.curbed.com/2019/1/23/18194592/los-angeles-condos-for-sale-market https://la.curbed.com/2019/1/23/18194592/los-angeles-condos-... Including the cost of land, for a full condo. It would correspond to a construction price of a condo of ~300 000$. A dormitory room is going to cost less than a condo.
  • TigeriusKirk 5y ago
    Units built for the homeless in Los Angeles are costing $500,000 and up. "When Los Angeles voters approved Prop. HHH in 2016, city officials predicted units would cost $350,000 to $414,000. In reality, prices have jumped to as much as $701,000 per unit, with 60 percent of the living spaces expected to exceed half a million dollars each." You'll notice even the low end that was promoted to voters is higher than $330,000. https://www.dailynews.com/2020/02/21/prop-hhh-projects-in-la-cost-up-to-700000-a-unit-to-house-homeless-heres-why/ https://www.dailynews.com/2020/02/21/prop-hhh-projects-in-la...
    • sudosysgen 5y ago
      That includes the cost of the land. The UCSB proposal doesn't include it. This construction has to deal with NIMBYs and related delays, again UCSB doesn't have to bother with that. And most of all these aren't single occupancy units. They are units for 2-3 people. So yes, construction costs would be around the 350k mark when you take into account the land, for multi bedroom units, versus a single bedroom.