Is an Accessory Dwelling Unit (ADU) for you??

Do you want to use your garage space as a rental to earn passive income? It’s your first step to financial freedom. You can practice being a landlord so you can expand into investment properties. Wealth building is all about asset accumulation and long term growth. With the recent housing crisis, California state legislation passed new laws last month to help homeowners simplify the ADU process. The goal is to accelerate the ADU timeline and create easy guidelines. Some of the highlights are shared below:

  • State law now clearly prohibits a city from requiring a minimum lot size.

  • ADU’s are now allowed on lots with multifamily dwellings

  • The most a city may require for a side or rear setback is now 4 feet.

  • Cities may no longer require replacement parking when a garage is converted to an ADU.

  • Cities must now allow multiple converted ADU’s on a lots with multifamily dwelling.

  • Impact fees are prohibited for ADU’s smaller than 750 square feet.

We would love to hear from you and see how we can help you create passive income. Call us at 818-400-1664 or fill out the form by clicking the button below.

Source: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB881, https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200SB13, https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB68

Claudette BabalianADU, Additional dwelling unit, accessory dwelling unit, development, state law, real estate, invest, homeownership, home owner, granny flat, guest house, garage conversionComment