MAXIMIZING YOUR PROPERTY’S POTENTIAL WITH SB 10: A COMPREHENSIVE GUIDE
California’s real estate landscape is continuously evolving, and with the introduction of Senate Bill 10 (SB 10), homeowners and investors have a new avenue to explore. This legislation, signed into law by Governor Gavin Newsom in September 2021, offers a promising opportunity for those looking to maximize their property’s potential. But what does SB 10 entail, and how can homeowners benefit from it? Let’s delve into the details.
Understanding SB 10
SB 10, also known as the California Housing Opportunity and More Efficiency (HOME) Act, provides local agencies with the option to adopt an ordinance allowing up to 10 dwelling units on any parcel located within a transit-rich area or urban infill site. This means that a single parcel can potentially house up to 10 separate units, offering homeowners the chance to increase their property’s value and rental income.
Key Provisions of SB 10
Two-Unit Developments: Also known as duplexes, these are single buildings containing two dwelling units. They can either be part of the same structure or two separate units on a single parcel. Each unit must have its own entrance, utilities, cooking facilities, bathroom, and heating/cooling systems.
Urban Lot Split: This allows homeowners to subdivide an urban parcel zoned for single-family residential into two approximately equal parcels. This can be a 50/50% or 60/40% split.
Accessory Dwelling Units (ADUs) and Junior ADUs (JADUs): Up to two ADUs or JADUs can be permitted on each parcel. These do not count towards the 10-unit threshold.
Limitations: SB 10 does not apply to parcels in very high fire severity zones, open spaces, parks, or recreational areas. It also cannot be used to divide a project into smaller projects to avoid its limitations.
Duration: The authorization for SB 10 extends through January 1st, 2029.
Why RHE Development, LLC is Your Trusted Partner in Navigating SB 10
Navigating the intricacies of SB 10 can be challenging, especially when considering the potential implications of the California Environmental Quality Act (CEQA) and other local ordinances. This is where RHE Development, LLC steps in. With our vast expertise and understanding of building and zoning laws, land uses, and local ordinances, we ensure that homeowners are equipped with the right information and guidance.
RHE Development, LLC’s approach is holistic. We don’t just provide consultation; we actively assist homeowners in navigating the maze of regulations. From processing construction permits and documents to collaborating with architects, designers, and engineers, we ensure that every aspect of the project is handled with precision and care.
Furthermore, our powerful CRM streamlines the entire process, ensuring that homeowners are presented with the best options right from the start. With RHE Development, LLC you’re not just getting a service; you’re partnering with a team that prioritizes your interests and maximizes your property’s potential.
SB 10 presents a golden opportunity for homeowners to transform their properties into lucrative investments. Whether you’re considering adding more units to your parcel or exploring the possibility of an urban lot split, it’s essential to have a trusted partner by your side. RHE Development, LLC is committed to ensuring that homeowners make informed decisions, backed by expertise and a network of professionals. Don’t leave your property’s potential untapped; explore the possibilities with RHE Development, LLC today. For a consultation with our California SB 910 specialists, reach out to us at 888-853-3375, text (562) 244-8784, or email [email protected]