Through its Apex Homes brand, AlphaX launches a new vision for affordable homeownership powered by AB1033：
APEX Homes Leadership Available for Interviews
SAN JOSÉ, California (August 14, 2025) – AlphaX RE Capital, through its specialized housing brand Apex Homes, has completed California’s first ever Accessory Dwelling Unit (ADU) condominium conversion in partnership with the City of San José. Enabled by AB1033, the new state law that allows ADUs to be sold separately from a property’s main residence, the project marks a breakthrough in affordable homeownership.
The Joséfa Street project near downtown San José, approved by Mayor Matt Mahan and city leaders, demonstrates how ADU condominiums can expand pathways to ownership at more accessible price points. Families priced out of single family homes now have a new opportunity to invest in stability and wealth building.
Why Apex Homes
Apex Homes was founded by AlphaX to pioneer a new category of standardized housing in California. Our mission is to combine pre-approved, state-certified designs with AB1033 and SB9 compliance to deliver luxury, sustainable homes in months rather than years, and at unmatched value. By transforming backyards into high-end living spaces that blend technology, craftsmanship, and comfort, Apex Homes empowers families, investors, and communities to turn private property into part of the statewide housing solution.
Efficiency and Impact
The City of San José demonstrated the potential of AB1033 by completing the Joséfa Street parcel map review in just 60 days. AlphaX RE Capital completed its application review in 29 days, showing how policy and private innovation can work together to accelerate housing solutions.
“This milestone proves that small but powerful innovations in housing policy can unlock real ownership opportunities,” said Stephanie, CEO of AlphaX RE Capital. “Through APEX Homes we are turning ADUs into a cornerstone of affordable homeownership. San José has shown what is possible and we are ready to replicate this model across the Bay Area and beyond.”
A Model for Affordable Homeownership
As cities across the country face affordability challenges, ADU condominiums offer a replicable model. By rethinking land use and ownership, municipalities can create new pathways to equity and long-term stability.
Apex Homes is already planning dozens more ADU condominiums across the Bay Area, with the long-term goal of establishing a scalable model for affordable homeownership in California.
City Leadership and Commitment
San José has doubled ADU permits in the last five years, issuing more than 1,500 permits since 2022 and completing over 1,100 approvals. With tools such as the ADU Condominium Checklist and a dedicated “ADU Ally” team, the City continues to lead in making these projects viable.
“ADUs are affordable by design and growing in popularity across the state, and now they can offer the most accessible form of home ownership too,” Mayor Matt Mahan said in a statement, saying the city’s ADU condo sale approval is a “proof of concept for California.”
“The Joséfa Street project stands as a model for other cities to replicate,” said someone fomr city. “This partnership demonstrates what is possible when policy innovation meets developer commitment.”
About AlphaX RE Capital and Apex Homes
AlphaX RE Capital is a Cupertino, CA based real estate investment and development firm committed to transforming the future of housing. To advance its mission, AlphaX founded Apex Homes, a specialized brand focused exclusively on high quality, tech enabled accessory dwelling units (ADUs). Apex Homes is pioneering the nation’s first ADU condominium conversions to expand affordable homeownership opportunities, build community stability, and create scalable housing solutions for families across California.
