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

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 Lunch 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.

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, and Senate Bills 9 and 10. California’s Accessory Dwelling Unit (ADU) laws not only you to add more rental units to your property but you can add them without parking. Some of the topics to be discussed, will include:

• Learn how you can add 3 or units to your existing property. This allows YOU to have the potential to double, triple or even more the multifamily rental income at your property today.
• Understand Assembly Bill 1033 and the rules surrounding when and how you can sell your ADU separately and apart from the main structure on your property.
• Learn how the 25% Conversion Rule can create limitless opportunities, and how to maximize the “footprint” of your property by adding additional housing units.
• How to convert recreational, laundry and storage rooms, and garages into Accessory Dwelling Units that you can generate rental income for.
• Learn how YOU can build up to 5-units on a single-family zoned property in the Los Angeles Area.
• Learn how YOU can eliminate parking at YOUR building with no additional parking requirements so long as your property is located within one-half mile of mass-transit.
• Find out how you can generate increased N.O.I. by adding new duplex and four-plex housing units and ADUs at your property.
• Learn the “step-by-step” process on how YOU can make these opportunities best work for YOU.

Under California’s ADU regulations, property owners today may add two new rental units regardless of square footage or number of units currently at the property and without any issue of local restrictions.  Additionally, YOU may add 25% more rental units on top of that based upon YOUR existing square footage and build up to 25-feet. New this year: you can also split your lot and sell your ADU separately under new California law, Assembly Bill 1033!

About Our Guest

Seth Phillips, Founder of ADU Gold

Born and raised in Minnesota, Seth Phillips moved to California in 1982 and entered the real estate industry, first in property management and then became a licensed real estate agent and broker.  Now known as “Mr. ADU,” Seth Phillips is an experienced leader with an extensive background of working in the real estate industry having worked previously at SP3 Realty and Re/MAX and co-owned the largest Re/MAX franchise in Los Angeles. He specializes in developing ADU (Accessory Dwelling Units) and other housing units in the Southern California areas, and also assists first time home buyers with down payment assistance programs and government grants. He has extensive experience in property development, apartments, and investment properties. Seth attended the University of California at Los Angeles (UCLA).