Testing Perplexity's New Computer Mode for Real Estate 🏗️

All right, guys, we are using Perplexity's new computer mode, which I'm sure some of you have heard about.

I certainly have, and I haven't tried it yet.

So, we're gonna try it here live for you guys to see.

and we're going to put together a full feasibility study for a property in Los Angeles.

Okay.

That's going to include everything from, the development standards are, what the highest and best uses, underwriting, construction estimation, site plan feasibility.

We're going to really push the limits here and just see what it's capable of because I've heard of some really, really good So without further ado, let's jump into it.

I already put together a prompt.

Okay, and let's go ahead and copy and paste that.

So the whole idea is run a comprehensive feasibility.

Actually, I'll show you.

Sorry.

Just real quick.

So computer mode is right here.

And what do you skills.

Nice.

It has skills.

I guess you could use Opus 4.6.

or select Orchestrator Model.

Mmm, let's leave that blank and see what it does.

run a comprehensive feasibility study for 3105 Bellevue Avenue in Los Angeles.

Okay.

cover every section below in detail with sources.

So, site and parcel data, zoning and entitlements, development standards, highest and best use, market and comp analysis, financial underwriting, construction cost breakdown, conceptual site plan and floor plans, risks and considerations, Go and no go recommendation Format everything with clear headers and tables where appropriate, and cite every data source.

I want the underwriting and construction estimate in Excel format.

Let's hit send and see what happens here.

All right, so I'll tackle this comprehensive feasibility study for 3105 Bellevue.

Okay.

Let me start by setting up the plan and loading the necessary skills.

Then begin research in parallel.

Okay, it's moving pretty fast here.

Let's see if we can And it looks like it.

So here's my credits.

task list.

So here's our task list.

Confirm exact address, research, zoning, conduct.

Okay, so exactly what we described.

And.

And now it's running tasks in parallel, so it's loading the skill.

Research Assistant.

Loading skill.

Office Excel Assistant.

Okay, now let me launch parallel research on the key areas.

First, let me confirm the address and gather parcel.

Whoa.

And gathered parcel.

Okay.

Zoning info and market data simultaneously.

Excellent.

This is very revealing.

The property at, 3105 Bellevue has already be.

Has already been developed into a 27 unit, five story, new construction building.

Completed in 2025.

Branded the views on Bellevue.

Previously sold with C2 zoning.

Okay, let me dig deeper into the specific parcel data the Zemas.

Okay.

Would have loved, for a property that wasn't previously built.

but that's okay.

So let's just see what's going on here.

So it's in zimas, which is LA's zoning lookup.

There's a lot of things running in parallel right now.

This is pretty impressive.

And it's using Claude Sonet 4.6 for this.

Okay.

And it's also researching construction costs in Los Angeles.

And it's researching Silver Lake rental market data and comparable developments.

This is all happening in PA parallel.

Okay, wow.

So, it's cranking.

We'll minimize that for now.

And let's see what Looks like they're pretty gentle on the credits.

Hopefully I don't jinx So here's the usage, the to do list.

So it's confirming, all that.

And it's researching zoning, entitlements and development standards.

Very good.

So we'll come back in just a second as it working All right, so this is extremely valuable data.

I can see the building, blah, blah, blah.

It's actually already been built.

Blah, blah, blah, blah, blah.

Units that are currently leasing, blah, blah, blah.

Now let me gather the remaining details.

Okay, fine.

Now let me gather more specific data on C2.1VL zoning standards and FEMA flood additional comparison developments.

Now I have extensive data.

Cool, cool.

Okay, so let me first write out all the research data to a file so the sub agents can reference it, then dispatch it in parallel.

Whoa.

So here's that document.

So this is all the research data that it's putting together?

Yep.

Wow, look at this.

Prior improvements.

It has all that info.

Assessor use code, last sale.

Look how detailed this info is.

AB 2097.

Wow.

Super comprehensive development standards.

It's got a bunch of comps.

Look at all these So we'll let it work and then we'll circle back.

Okay, so we have this full research data here.

Now it's launching the Excel workbook and PDF report generation in parallel.

I like how all this information was I like the workspace like this.

pretty badass.

I like how clean this is up here.

Let's see.

have four things done on our to do list.

It's working on four.

We'll come back All right.

So now it's ripping through.

Look at this.

So it's creating the Excel financial model and the PDF feasibility report.

And now it's using Claude Opus 4.6.

So before it was using Sonnet 4.6, now it's using Opus 4.6.

That's pretty cool.

So it's intelligently picking the best model.

And so now you can see we have three different documents here.

so it's coding the actual financial model and it's writing the PDF report.

Cool.

And it's using Opus 4.6 for both of those, which it's doing in parallel.

So we're just checking back in here and we're still coding our financial model.

You can see it's pretty comprehensive.

Look at it Beautiful.

And we look at our PDF, the same thing.

what hopefully will be a very nice, beautiful report.

And our, to do list, Still cranking credits.

We've burned about 400, So, 364 to be exact.

And we have worked for 8 minutes and 14 seconds.

Nice.

And so it looks like the credits for text are probably billed differently than for image or video audio.

Let's continue to let it work.

All right, we seeing some movement here.

Both deliverables complete.

Let me verify visually before sharing.

Okay, very good.

to share couple of files here.

are officially Look at that.

Okay, so we got our feasibility, report and our Excel model.

Let's look at the feasibility report first.

Whoa, Whoa.

This is really good.

Without even looking at the content, look how professional this Executive summary.

Okay.

This feasibility study evaluates the development potential of the property.

Okay.

my God.

This is really good.

The site was previously occupied by a 3 unit fine.

Yield on cost 6.9%.

Unlevered IRR 15 to 18 equity times.

Interesting site and parcel data.

Look how beautiful this report is.

Holy crap.

Parcel info, environmental and physical conditions.

Amazing.

It's got the sources and everything right there.

You could easily just click zoning and entitlements, Permitted uses, regulatory overlays.

Look how great all that is.

TOC Tier one incentives.

This is report.

I mean, this is something I have a land use and this is something that, like, we would put together, without fact checking all the numbers, of course, but like professionally, the way this looks, it's insane.

Look at the, look at the comparisons here.

Buy.

Right.

Okay.

Entitlement timeline and process.

So TOC ministerial plan check, 6 to 12 months.

Discretionary 12 to Yep.

Housing element sites.

Demolition permit, building permit issuance.

Again, sources here.

This is a 28 page report.

This is absolutely ridiculous.

Maximum buildable square footage impact in connection fees.

Total estimated fees.

Okay, good.

Highest and best use analysis.

Four part test by use my Top three development scenarios.

Market and comparable here's Yep, good.

Market rents by unit type.

Wow.

Vacancy absorption and supply All the sources and everything.

Guys.

Financial underwriting.

Here's the development budget summary.

So land acquisition hard costs at 325 a foot.

I love that number.

Soft cost.

Okay.

It's fat.

That's okay.

That is okay.

Impacting connection fees.

Contingency construction financing.

That seems a little bit off.

We'll double check Total development cost.

Almost nine million bucks.

630 bucks a foot.

326,000 per unit.

Feels a little Here's the unit mix.

22 ones.

One townhouse, style, one bedroom.

And then four affordable units for 27 Operating expenses 30%.

Okay.

seems okay.

Five year pro forma summary return metric.

6.9% yield on costs.

it's saying stabilized cap Stabilized value half million.

Cool.

Very cool.

Here's the construction cost breakdown.

Pretty solid construction timeline.

Yep.

feels pretty good.

12 to 18 months for design and entitlement.

It's probably long.

it's probably longer than that.

My guess demo 1 or 2 months.

Yeah.

Construction 22 months.

Realistically.

Okay, that feels fine.

So a little longer than that.

Market conditions note.

Cool.

Conceptual site plan and design.

Here's the building program.

So pretty small building.

only 14,000 Okay.

Unit mix cool.

Architectural style.

Risks and considerations.

Here's the risk matrix.

Key pending legislation.

Go or no go recommendation.

Recommendation.

Go.

Supporting rationale.

What would need to be true are these things here.

Hard construction costs held or at below hundred fifty a foot.

Market rent sustaining 2,500 plus a month for one bedrooms.

Construction financing available at seven and a half percent or below her vacancy stabilizing below seven Here's the recommended next steps.

All that's great.

Here's the appendix with all the sources.

Absolutely incredible.

Ridiculous.

let's look at the Excel file.

Wait, some changes?

No, All right, let's look at the Excel see what this is All right, quick little summary here.

maybe Here's the feasibility study.

okay, so first error I've seen obvious error.

So it looks like the numbers don't exactly match up.

so let's dig into it.

So here's the development budget.

Okay.

Okay, Here's construction costs.

Okay.

Revenue and operating five year pro forma.

And then sensitivity Cool.

So I mean, let's just pay attention to the actual feasibility report.

Wow, that's honestly really impressive.

And so let's just look at some statistics here.

So usage, we used a thousand credits for that.

It took 20 minutes.

I mean, that report is absolutely ridiculous.

Seriously, look how beautiful it is.

Comprehensive, so detailed.

Seriously, that is absolutely ridiculous.

I wonder if you could do, can you create renderings for us?

Let's just see.

I wonder if it has access to like Gemini's Nano Banana and, could Let's Let me think about what Let me check what we know and let's see.

Loading skill see what's it All right, so let's take a look at what it came put together some renderings for us.

So let's take a look.

Nice and Let's see So that's one Okay, this is so Silver Lake too.

the exact backdrop.

There's downtown la.

The topography is all hilly.

You got some interior renderings here.

This is so Silver Lake.

you love to see rooftop action right there at night.

beautiful.

That's awesome.

Okay.

Pretty solid, renderings too.

So, wow.

I am, impressed with Perplexity I think, it burned about $10 maybe credit.

So all that $10.

You would, no doubt about it, pay a couple thousand to create a feasibility study now I cannot confirm at this second if all the information is You never want to rely on 100% by any means, but this is absolutely, without a doubt something that a consultant, a land use consultant thousands So, anyways, hope you guys enjoyed.

Huge fan of Computer.

I'm going to do, couple videos the other tools, but hope you guys enjoyed.