Your Next Asset
Is Already
Zoned.
We convert underperforming residential lots into permitted, tenant-ready dwelling units. You provide capital. We handle the permits, the build, and the lease-up. Cash flow from month one.
California rezoned
your neighbor's
backyard.
Three consecutive zoning reform bills have quietly converted millions of single-family lots into multi-unit opportunities. Most owners don't know. Most investors haven't moved. That gap is where Parcel operates.
"Senate Bill 9 effectively ended single-family zoning statewide. Every qualifying lot is now a development opportunity. We've built the infrastructure to move on them faster than anyone else."
— Parcel Investment Thesis, Q1 2026Every dollar,
accounted for.
Hover each zone to see exactly what your capital builds. No mystery line items. No developer markup buried in overhead. This is what a Parcel unit costs — component by component.
Hover zones to inspect costs
Hover over any section of the floor plan to inspect per-component construction costs.
Run your own
numbers.
Adjust purchase price, rent assumptions, and hold period. Watch projected IRR and cash-on-cash update in real time. These are conservative estimates — Parcel's actuals average 15% higher.
Estimates assume 35% expense ratio, 6.5% 30-year mortgage rate, and 4% annual appreciation. For illustration only. Actual returns vary. Parcel's historical average cash-on-cash: 8.4%.
47 units.
All cash-flowing.
Every project below is permitted, tenant-occupied, and generating returns for our LP base. Toggle before/after to see the transformation.
Mar Vista, Los Angeles
North Park, San Diego
Temescal, Oakland
Download the Deal Memo
Full financial model, project case studies, LP agreement summary, and tax treatment overview. Share with your advisor before allocating.
I've been sitting on $200K in a money market account earning 5% and watching it lose to inflation. My first Parcel distribution arrived 11 months after signing. That check changed my calculus entirely.
My wealth advisor had never seen a structure like this. We spent two weeks going through the deal memo with our CPA. The documentation was airtight. We allocated $250K across two projects.
I sold a rental property and needed a 1031 exchange vehicle that didn't require me to manage anything. Parcel was the answer. The depreciation pass-through alone justified the allocation.
