On January 1, 2020, new laws were passed which promote the addition of Accessory Dwelling Units in Los Angeles.
Along with reduced burdens for single family ADU applicants, for the first time, new laws permit ADUs to be added to multi-family properties. This ability to add ADUs means you can substantially increase your annual rental income at less than 50% of the cost of purchasing comparable residential dwelling units.
As a homeowner, I’m sure you can imaging the many ways you can utilize an ADU on your property – for an AirBnB Rental, the ultimate man cave, or living space for an elderly parent, out-of-town guests, or an adult child living at home.
Well, the City of Los Angeles has made it easier than ever to add ADUs to your single-family or multi-family property.