California is now permitting the construction of Accessory Dwelling Units (ADUs) in multifamily properties; hence, it is much easier for landlords and investors to add new rental prospects and raise the value of the property.
Multifamily ADU is a small independent living unit added in properties with two or more existing residential units like duplex, triplex, or apartment buildings. This could be created by converting unlivable areas within the house like a basement or garage or storage and adding it to a new detached structure.
Based on the state’s laws regarding ADUs, property owners may:
As a result of these changes, the construction of multifamily ADUs proved affordable in terms of increasing housing supply and income generation.
Every county and city in California offers pre-approved ADU plans to make the lives of property owners a little bit easier by saving time and money on permits.
They also allow a very straightforward compliance with zoning requirements, fire, and setback, which will considerably shorten the time to get into construction.
Multifamily ADUs provide long-term value with the least investment: More Enhance rental income without expanding the footprint of your little building living space, thus increasing property value. Meet the affordable housing goals in your locality.
With just some planning of existing space, you release the full potential of your multifamily property.
If you intend to add an ADU to your multifamily property, we will help you all the way. From selecting into such plans to processing permits, we really help in meeting the ADU regulatory requirements of California and then leveraging any of the local incentives.
