Kathy Chan Real Estate Group

Did you know❓❓❓

Effective March 1, 2024, through February 28, 2025, San Francisco’s annual allowable rent increase is 1.7%. Landlords must now receive a rent increase “license” before imposing annual allowable increases; such license are obtained through the SF Rent Board by registering and reporting their property’s rents via the Housing Inventory portal.

Great News if you are thinking to add an ADU (accessory dwelling unit) 👏

California passed AB 2234.

As of January 1, 2024, local jurisdictions are required to publish on their websites a complete set of approved and completed post-entitlement phase permits for various housing types such as accessory dwelling units (ADUs), duplexes, multifamily units, mixed-use, and townhomes.

To comply with AB 2234, jurisdictions are selecting their best examples of approved real-world applications to post on their website. This new requirement will make it easier to secure permitting, especially when you work with an experienced design/build team.

AB 2234 also includes other requirements to make permitting simpler and faster:

Mandatory Review Timelines: The bill sets specific time limits for the review of building permits based on the size of the development project. For projects with 25 units or fewer, building departments have 30 business days to review a building permit and return a comprehensive request for revisions upon receiving a completed application. For projects with more than 26 units, the time frame extends to 60 business days.

Online Permitting Requirements: All local agencies with 75,000 or more residents and all local agencies located in a county with 1.1 million or more residents must provide an option for online permit applications by January 1, 2024. Smaller jurisdictions have until January 1, 2028, to comply with this requirement.

Appeal Process: The bill also outlines time limits for the resolution of appeals regarding noncompliance determinations, with different timelines for projects based on their unit count.

Consequences for Non-Compliance: Failure to adhere to the time limits set by AB 2234 constitutes a violation of the Housing Accountability Act, which can result in legal action against the local agency.

AB 2234 is an integral part of California's ongoing legislative efforts to address its housing crisis by making the permitting process more predictable and efficient.

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Learn more about us and how to do business with us! https://www.kathychangroup.com/agent/kathy-chan/

🆕 San Mateo County home sales infographic (data provided by MLSListings) and reports for January 2024 are now available. Contact us if you want a FREE area summary report!

Stunning view of the bay for lease. 2 beds 2 baths. So pretty!



https://www.kathychangroup.com/featured-listings/sfar/mls-422707457-338_spear_street_unit_34e_san_francisco_ca_94105/😍

Latest housing statistics in San Francisco

Kathy Chan Real Estate Group now takes appointments on their Page.

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Listing #422621896 Best Buy in South Beach! This stylish upgraded condo offers a sweeping view of San Francisco's skyline. Spaciously open floor plan with plenty of natural light through the floor-to-ceiling windows. Cozy patio. Designer finishes throughout, new light fixtures, custom pantry door, wood floor and fresh...

3D virtual tour is here. So STYLISH!
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Explore 555 4th Street Unit 439, San Francisco, CA 94107 in 3D Matterport 3D provided by f8 Real Estate Media 855-382-3873 www.f8re.com.

Why rent if you can own your piece of real estate in San Francisco.

Mortgage rates are very volatile right now due market dropping and Fed's plan to raise rates. This is causing a lot of volatility in the market. But hey opportunity is still here!

Watch this reel by luxury_sf_living on Instagram 1 Likes, 0 Comments - Kathy Chan () on Instagram: “Why rent if you can own your piece of real estate in San Francisco. Mortgage rates are very…”

https://www.zillow.com/homedetails/338-Spear-St-UNIT-34E-San-Francisco-CA-94105/89238241_zpid/?view=public

Gorgeous view of the bay! Available now

2 beds
2 baths
1 den
1 parking
1319 sq ft
$6000/month

📞for private viewing.

338 Spear St UNIT 34E, San Francisco, CA 94105 | Zillow For rent: $6,000. STUNNING! LUXURY LIVING AT THE INFINITY IN THE HEART OF SOUTH BEACH. Luxury, Sleek & Stylish 2BR/2BA home in desirable South Beach area of San Francisco. Floor-to-ceiling windows, marble floors & granite counter tops, extra wall cabinets and 1 private balcony. There is a den area f...

www.Kathy.RealEstate😉

New attractive pricing - open Sunday 2-4pm or by private appointment 650-880-9278

https://www.kathychangroup.com/featured-listings/sfar/mls-421554405-555_4th_street_unit_626_san_francisco_ca_94107/

MLS# 421554405 - 555 4th Street Unit 626, San Francisco, CA 94107 $1,065,000 • 2-beds • 2-baths. This gorgeous luxury condo is filled with natural light through the oversized floor-to-ceiling windows. A private patio is facing the lovely and lush landscaped courtyard. Amazing location in this vibrant South Beach/SOMA district of SF. The kitchen features Caesar...

Gorgeous home in SOMA with modern finishes! Amazing price. 1183 sq fr 2 bed 2 bath
555 4th 626 San Francisco CA
https://www.kathychangroup.com/featured-listings/sfar/mls-421554405-555_4th_street_unit_626_san_francisco_ca_94107/