More About Additional Dwelling Units in The Bay Area

[Ken and Ari Walker]

Berkeley has become one of the first cities in California to allow accessory dwellings to be sold as condominiums within the next year.  

Assembly bill 1033 took effect at the beginning of this year and allows residents to sell their ADUs as condos separate from their primary home. This is an attempt to make homeownership more accessible in one of the Bay Area’s most expensive markets.  

San Jose is also considering implementing the law. The city council will be examining recommendations in June.  

Berkeley is hoping that this new policy will allow teachers and health care workers to buy 500-square foot homes in a city where the typical home is valued at nearly $1.5 million. Parents could also transfer an ADU-turned-condo to their adult children, allowing them to build equity.  

It is unclear how many residents will take advantage of AB1033, but it does offer a solution to the ever-persistent housing shortage. 

Best,   

Ken & Ari Walker - Your Direct Private Money Source   

Husband & Wife Team   

Phone: [phone] / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401  
Ken: CA DRE Broker #01858042 / NMLS #1221130  
Ari: CA DRE #01858152 / NMLS #2170867  

Bio: Ken & Ari are a husband & wife team with over 30 years of combined real estate and private money lending experience.   They like working with buyers & borrowers, as well as directly with other licensed individuals who have clients in need of fast & alternative financing, and who can benefit from Private Money mortgages. (Qualify for our financing despite DTI ratios, credit score, property condition, difficult to prove income, etc. on purchases and refinances for owner occupied & investment properties.)