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California's first ADU condo sale opens a new path to ownership in San Jose

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Source: ABC7 Bay Area
California's first ADU condo sale opens a new path to ownership in San Jose
Photo: ABC7 Bay Area
TL;DR

San Jose completed California's first accessory dwelling unit (ADU) sale to be owned as a separately titled condo—a 749-square-foot, two-bedroom unit that sold for $530,000 as part of an ADU condominium conversion under Assembly Bill 1033, signaling a potential new route to affordable homeownership in a high-cost market.

Topics:businessreal-estate#adu#assembly-bill-1033#condominium-conversion#housing-affordability#real-estate#san-jose
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  1. San Jose 749-square-foot, 2-bedroom ADU condo sells for $530,000; first-of-its-kind sale for CA  ABC7 Bay Area
  2. California’s first ADU condo sale offers cheaper path to homeownership in San Jose  The Mercury News
  3. NEWS RELEASE: San José Home to First Accessory Dwelling Unit (ADU) Condo Sale in California  City of San Jose (.gov)
  4. Dystopian future of California housing revealed — as concerning $500K sale goes through  New York Post
  5. A Backyard ADU Just Sold Separately From the Main House for $530,000  Yahoo

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