{"id":392181,"date":"2026-07-09T16:24:26","date_gmt":"2026-07-09T16:24:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/392181\/"},"modified":"2026-07-09T16:24:26","modified_gmt":"2026-07-09T16:24:26","slug":"749-square-foot-san-jose-adu-condo-sells-for-530k-first-of-its-kind-for-ca","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/392181\/","title":{"rendered":"749-square-foot San Jose ADU condo sells for $530K; first-of-its-kind for CA"},"content":{"rendered":"

In a city where homeownership remains out of reach for many residents, a first-of-its-kind sale is offering a new path into the housing market.<\/p>\n

Daniel Aflakian recently purchased what city officials say is California’s first accessory dwelling unit, or ADU, to be sold as a separately owned condominium on an existing residential property.<\/p>\n

RELATED: San Jose becomes 1st CA city to approve ADU condominium conversion<\/a><\/p>\n

The 749-square-foot, two-bedroom unit in San Jose sold for $530,000. Aflakian moved into the home two days before speaking with ABC7.<\/p>\n

“I knew there are some rules that were changing to be able to make some affordable housing around and I found the first one,” Aflakian said.<\/p>\n

San Jose is one of the most expensive housing markets in the country. According to Redfin, 66% of a person’s income is needed to afford a home at the median sale price in the city, the fourth-highest rate in the nation.<\/p>\n

Aflakian said the ADU provides many of the benefits of a single-family home.<\/p>\n

“Similar to single-family because water, electrical, everything is separate. You don’t have any neighbor attached to your unit,” he said.<\/p>\n

When asked whether he was still getting everything he needed out of an ADU, Aflakian replied, “I believe so.”<\/p>\n

The sale follows the property’s conversion into what city officials described as the first ADU condominium conversion in California under Assembly Bill 1033.<\/p>\n

RELATED: Bay Area embracing ADUs amid housing crisis – are they worth the investment?<\/a><\/p>\n

In a statement, San Jose Mayor Matt Mahan said the city is using new approaches to expand homeownership opportunities.<\/p>\n

“We’re unlocking homeownership opportunities at lower price points, one ADU at a time,” Mahan said. “We’re not waiting for costs to come down – we’re using innovative policies to create affordability wherever we can.”<\/p>\n

City officials said one other ADU has been approved as a condominium, while two more applications are under review.<\/p>\n

Aflakian said he hopes the process will help more people become homeowners.<\/p>\n

“It will help people who want to own a place that’s more affordable and more easy to work and get a home,” he said. Asked whether he hoped others would follow in his footsteps, Aflakian said, “Yeah, I’m sure I’m not the last.”<\/p>\n","protected":false},"excerpt":{"rendered":"In a city where homeownership remains out of reach for many residents, a first-of-its-kind sale is offering a…\n","protected":false},"author":2,"featured_media":392182,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[43579,5343,155520,157432,86223,2655,88,90,89],"class_list":["post-392181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-adu","tag-city-officials","tag-condominium-conversion","tag-daniel-aflakian","tag-homeownership-opportunities","tag-housing-market","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/392181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=392181"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/392181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/392182"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=392181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=392181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=392181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}