AB 1033 allows ADUs to be sold as condos. What changes now?

[Felicia Nitu]

AB 1033 allows ADUs to be sold as condominiums under specific conditions, creating new pathways for homeownership.

Properties eligible for this must meet certain criteria. If a qualified nonprofit builds the ADU, it can be sold separately from the main home. Additionally, if there is a recorded tenancy agreement, the ADU can be sold as an independent unit.

More ways for Real Estate Agents to benefit from AB 1033

// New Listing Opportunities:

• More properties to list and sell as ADUs gain condo status

• Ability to represent both the primary home and ADU as separate sales

• Potential to attract buyers looking for affordable entry-level ownership
  

// Investment Consultant Services:

• Helping clients understand how to legally separate and sell ADUs

• Advising property owners on maximizing value through ADU sales

• Connecting clients with lenders and legal experts for ADU transactions
  

// Business Development:

• Becoming a preferred resource for ADU-to-condo conversions

• Leveraging AB 1033 knowledge to attract new clients and listings