Selling a home can take time, planning, and patience.You may have prepared your home, welcomed showings, answered questions, and waited for the right buyer only to have your listing expire without a
Understanding Assembly Bill 1033: A Game-Changer for ADUs in California
Dated: July 1 2024
Views: 374
Hello, California homeowners! Today, we have some exciting insights about a groundbreaking law that could significantly impact your retirement through real estate. Let's dive into the world of Accessory Dwelling Units (ADUs) and explore how Assembly Bill 1033 is set to transform the game.
What are ADUs?
Accessory Dwelling Units (ADUs) are secondary housing units located on the same property as a main residence. Traditionally, these units were required to be owner-occupied, primarily serving as rental units. However, significant changes were on the horizon with the introduction of Assembly Bill 1033, which took effect on January 1, 2024.
The Buzz About Assembly Bill 1033
Assembly Bill 1033 revolutionized the way we thought about ADUs. Under the previous law, ADUs acted as rental units, but this new legislation allowed for greater flexibility and financial potential. One of the most notable changes was that homeowners could now request separate utility meters for gas, electricity, and water. Additionally, they could record a condominium map covering common areas, essentially transforming ADUs into condominiums attached to the property.
Why This Matter
This legislative change was a big deal because it allowed homeowners to sell the ADU separately from the main house. This opened up incredible opportunities, especially for baby boomer homeowners who had significant home equity but were hesitant to sell due to low interest rates.
New Opportunities for Homeowners
With Assembly Bill 1033, homeowners could explore various options:
- Building a Separate ADU: Constructing a new ADU up to 1,200 square feet and selling it independently.
- Renting Out the ADU: Generating additional income by renting out the ADU.
- Lease-to-Own Arrangements: Considering lease-to-own options.
- Selling to Family: Selling the ADU to children or other family members.
These options could be game-changers for retirement planning, covering nursing home expenses, or funding assisted living costs.
Video about Assembly Bill 1033 (Shasha & Terri Team)
Conclusion
Assembly Bill 1033 was a neutral yet impactful piece of legislation that significantly affected housing in California. By allowing ADUs to be conveyed like condominiums, it offered homeowners new financial flexibility and opportunities.
If you have any questions or need guidance on this topic, feel free to reach out. Call or text Shasha & Terri at 626-893-9617 or 626-315-0025.
If you found this information helpful, please share it with your family and friends. Follow us for more real estate tips, news, and insights!
Shasha Truong & Terri Nguyen Realty Group
🏠Realtors | DRE#01253561, DRE#01449810
📞Call/Text: 626-893-9617 | 626-315-0025
📨Email: shasha.truong@exprealty.com | terri.nguyen@exprealty.com
🌐https://linktr.ee/shashaterrirealtors | www.shashaterri.com
Know Your Home Value: https://www.shashaterri.com/seller/valuation/
Find Your Dream Home: https://www.shashaterri.com/index.php?showagent=1&rtype=map
Complimentary Market Report: https://www.shashaterri.com/market-report.php
See the List of Adul55+ Single-Story Properties in LA, Orange, San Bernardino & Riverside Counties
Single Family Homes with Pools in LA, Orange, San Bernardino & Riverside Counties
Check out the list of Horse Properties in LA, Orange, San Bernardino & Riverside Counties
See the list of properties nearby Golf Course in LA, Orange, San Bernardino & Riverside Counties
Discover the properties with waterfront/waterview in Southern California
Keywords:
ADU legislation, Assembly Bill 1033, Condominium ADU, California real estate, Housing law updates, Retirement planning, Home equity options, Rental property laws, Separate ADU sales, Homeowners' opportunities
Shasha Truong & Terri Nguyen Realty Group
We are Shasha and Terri, your highly experienced real estate professionals dedicated to turning your real estate goals into reality. Fluent in English and Vietnamese, we bring 27+ years of experience ....
Latest Blog Posts
Thinking about selling your home this fall? 🍂Fall can be a meaningful time for Southern California homeowners to reassess their plans, whether you're considering a move, downsizing, relocating,
Fall is often associated with change.The days become shorter, routines shift, children settle into a new school year, and many families naturally begin thinking about what they want the rest of the
If you have been waiting for the right time to buy a home, fall may be worth a closer look.For many Southern California homebuyers, the conversation often centers on mortgage rates and home prices.
Based on information from California Regional Multiple Listing Service, Inc. as of September 23, 2026 5:46 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g.square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with
Last updated: September 23, 2026 5:28 PM UTC Property Information © 2026 
The information being provided by Conejo Simi Moorpark Association of REALTORS ® ("CSMAR") is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange ("IDX") program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or
The MLS™ I-Tech ® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in
Page Lake Powell Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
