[anonymous5133]

This has been happening lately in my area of Orange County, CA. There is an investor here who has been buying up single family residences with large backyards and then the investor puts these "granny flats" in the backyard to rent them out. The average buyer will simply see the property as a 3bed/2bath with a large backyard for 500k while an investor will see it as 3bed/2bath with a large backyard with opportunity for expansion....well worth more than 500k listed market value.