California SB9
Lot Splits
California’s SB9 (Senate Bill 9) allows eligible homeowners build a Veev home with a faster, simpler approval process. Owners can keep the new home or sell the new development. Whatever your current home’s situation is, Veev’s team of experts can propose a customized plan to help you unlock your property’s full potential.
What SB9 means for you
Monetize Underutilized Land
That unused side or oversized yard has value. Split it into its own parcel and build a new home—turning dead space into income.
Build a Second Home
Have a large lot? Use SB 9 to split it and build a second home on the new parcel—rent it out or sell it for extra income.
Split and Build Two Homes
Divide your lot into two parcels and build a new home on each to rent or sell. The upside is yours!
Lot shape examples
Corner Homesite
Wide Homesite
Deep Homesite
One stop shop
The financial pro forma*
Custom homebuilding requires 12 to 18 months of on-site construction. Veev delivers premium, precision built homes in a quarter of the time and at half the cost compared to custom construction. Using a standard $2,000,000 baseline property value, a clean two-way split unlocks two high-yield investment options.
*Read fine print
Example 1
Build One. Sell One.
| Veev Home Cost | Exit Price | Profit | |
|---|---|---|---|
Property Cost |
$2,000,000 |
||
SB9 Split Cost |
$50,000 |
||
Veev Home Cost |
$1,200,000 |
||
| $3,250,000 | $4,300,000 | $1,050,000 |
Example 2
Build two. Sell both.
| Veev Home Cost | Exit Price | Profit | |
|---|---|---|---|
Property Cost |
$2,000,000 |
||
SB9 Split Cost |
$50,000 |
||
Veev Home Cost |
$2,400,000 |
||
| $4,450,000 | $5,600,000 | $1,150,000 |
SB 9 project eligibility, lot splits, and building permits are subject to local approval, objective design standards, and site feasibility. All SB 9 units are strictly prohibited from short-term rental use. Regulatory guidelines are subject to change without notice. Construction and general contracting services provided by Veev Builders, CSLB Lic. #1118343. This is for general informational purposes only and does not constitute legal, tax, or financial advice.SB 9 project eligibility, lot splits, and building permits are subject to local approval, objective design standards, and site feasibility. All SB 9 units are strictly prohibited from short-term rental use. Regulatory guidelines are subject to change without notice. Construction and general contracting services provided by Veev Builders, CSLB Lic. #1118343. This is for general informational purposes only and does not constitute legal, tax, or financial advice.
