5 August 2023 | 10 replies
Five bills made effective on January 1, 2020 have significantly streamlined the ADU construction and approval process.Plus: The budget agreement (enacted June 27th 2023) restores $50 million for the California Housing Finance Agency’s ADU Grant Program, which provides up to $40,000 to help cover the planning and permitting costs involved in an accessory dwelling unit.- BP thread relating to your question: https://www.biggerpockets.com/...- LA County has multiple different cities with different RSOs, so this will really depend.
6 October 2024 | 1 reply
We currently are under contract to buy a .3 acre lot in downtown that is in a frequent transit area, which means we are allowed to build two accessory dwelling units on the lot. we are also zoned for a duplex, so that’s the plan!
3 August 2018 | 14 replies
If your configuration is such that you have 2 couples and a single occupant in your converted triplex, you may be conforming to a duplex use.Another thing to explore is an accessory unit.
29 January 2022 | 92 replies
@Nikki Closser similar story: we recently closed on our first investment property three days before closing on our new primary residence lol :-) We also relocated, sold our house in Los Angeles - which we had rented out with Airbnb and had built an Accessory Dwelling Unit in the backyard, and moved to Columbus Ohio.
26 February 2020 | 191 replies
I explain that on my condo, house and accessory dwelling unit alone here in Los Angeles will net approximately $100,000/year with 3% appreciation in 30 years.
17 July 2017 | 32 replies
You will have to go out and visit your properties even if you have good management and those costs can really take a chunk out of your cashflow when it's just a property or two.Yes Denver is tough right now, but you might consider another condo (maybe turn your current one into a full rental and do another owner occupied loan to keep your out of pocket costs down) A house with an accessory unit that you could rent out might be practical.
24 April 2019 | 28 replies
Arlington County should soon allow accessory cottage type building to be built in the backyard ..
13 November 2023 | 7 replies
This is the most cost effective option.You can go the Accessory Dwelling Unit (ADU) or the Accessory Family Suite (AFS) route.ADU/AFS are two similar routes that require you pulling the permit for one of these designations and getting inspections along the way.
23 August 2019 | 11 replies
Seattle does have a Accessory Dwelling Unit rules; however, it requires that the property owner live in one of the units.
19 February 2023 | 24 replies
ADUs are easier to permit, but they result in an accessory unit (not an SFR).