Korean Roundtable: Maximize Income With Accessory Dwelling Units (ADUs)

AAGLA Korean Roundtable – ADU Income Opportunities Seminar

There will be an in-person meeting of the AAGLA Korean Roundtable on Wednesday, June 26, 2024, at 10:00 A.M.

JOIN US for a light breakfast!

• What: The AAGLA Korean Roundtable Meeting – A Light Breakfast Will Be Provided
• When: Wednesday, June 26, 2024, at 10:00 A.M.
• Where: Apartment Association of Greater Los Angeles, 621 So. Westmoreland Avenue, Los Angeles, CA
  (Parking is FREE behind the building)
• How to Attend: Please login to register.

Learn How to Boost Your Rental Income with California ADU Laws

Join us for an important seminar on Accessory Dwelling Units (ADUs) and how you can increase your rental income by taking advantage of recently passed California ADU laws, including Senate Bills 9 and 10. California's ADU laws allow you to add more rental units to your property, even without parking. Topics include:

• How to add 3 or more units to your existing property—potentially doubling or tripling your rental income.
• Understanding Assembly Bill 1033 and the rules for selling your ADU separately from your main residence.
• Using the 25% Conversion Rule to maximize the footprint of your property.
• Converting recreational, laundry, storage rooms, and garages into income-generating ADUs.
• Building up to 5 units on a single-family zoned property in the Los Angeles area.
• Eliminating parking requirements if your property is located within one-half mile of mass transit.
• Increasing N.O.I. by adding new duplex, four-plex housing units, and ADUs.
• The step-by-step process for successfully implementing ADUs and maximizing your property’s potential.

Under California's ADU regulations, property owners may add two rental units without size restrictions or local limitations, and may add an additional 25% based on existing square footage, building up to 25 feet high. Assembly Bill 1033 also allows for lot splitting and separate sale of ADUs.

Featured Speaker:

Seth Phillips, Founder of ADU Gold
Known as “Mr. ADU,” Seth Phillips is a seasoned real estate expert who has worked in property management, real estate sales, and development throughout Southern California. He co-owned the largest Re/MAX franchise in Los Angeles and specializes in ADU development, investment properties, and down payment assistance programs. Seth is a UCLA alumnus and brings decades of industry experience to this live event.

Registration Information:

• Ticket Price: Member Ticket – $0.00
• Registration Deadline: June 26, 2024