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California Senate Bill 684 (SB 684) is a 2023 California statute which requires cities to ministerially allow property owners to subdivide multifamily lots to create subdivisions with up to 10 houses, townhouses or condos in multi-family-zoned areas. [1]
For example, a garden condominium complex consists of low-rise buildings built with landscaped grounds surrounding them. A townhouse condominium complex consists of multi-floor semi-detached homes. In condominium townhouses, the purchaser owns only the interior, while the building itself is owned by a condominium corporation. [54]
The California-based Hutton Parker Foundation owns and operates 16 nonprofit office buildings (15 in Santa Barbara County) - with nearly 100 nonprofit tenants. The rents are below-market, but the cash flow brings liquidity to the foundation, helping to fund a total of more than $50 million in grants.
Michael Jordan's former mansion is now available to rent — for $230K Michael Jordan's former mansion is now available to rent on a short-term lease, with a month-long stay at $230,000. Advertisement
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