Thinking about building an ADU but your home is located in "52nd place HPOZ" Heres your solution.
52nd place is an HPOZ that was built by the Tifal Brothers, an immigrant family from Germany who built more than 400 homes in Los Angeles County. It is is a one block of well-preserved one-story Craftsman style bungalows that were built between 1911 and 1914. The block is also known for its association with African American history in Los Angeles between the 1930s and 1950s. Lots of African American cultural icons, including singer Ivie Anderson and community leaders and activists Joseph and Charlotta Bass, lived within this HPOZ. The 52nd Place district was listed on the National Register of Historic Places in 2009 and adopted by the City Council as an HPOZ in 2015. The zip code for this area is 90011.
The market for ADU’s is trending at 52 Place due to the historical significance as well as nearby religious and historical structures. There are also lots of parks in the area such as South Los Angeles Wetlands Park and South Park Recreation Center. Not only is it historic but it is also just minutes away from some of the best recreation that Los Angeles City has to offer. There are also several neighborhood parks which feature sports programs, dance and music classes, multiple outdoor sports courts, playgrounds, and seasonal camp programs.
52nd Place Demographics
Median Income - $63,000
Median Age - 36 years old
Average Home Price - $650,000
How Much Can I Rent An ADU In 52nd Place For In Today’s Market?
The average ADU in 52nd Place rents for about:
Studio ADU- $1400/m
1 Bed 1 Bath ADU- $1650/m
2 bed 2 bath ADU- $2100/m
3 bed 3 bath ADU- $2600/m
Walkability Score For 52 Place
The ADU walkability score is measured by walking distance from your new ADU to these attractions, the closer you are to these locations the more your future tenant will pay for rent.
Real estate agents
"________" are actively looks for homes with ADU potential. He/She also had multiple homes sell for over asking, before and after the unit was built. When renting out your newly built ADU, hiring a realtor can make the process a breeze. When an agent is hired, they can create a listing for you, help check out the applicants, and manage the other aspects of renting so you don’t have to worry about it. A realtor may also increase the amount of rent you can receive monthly for your ADU.
Neo Builders Inc. is an experienced construction company with a specialty in building ADU’s. Building an ADU with Neo Builders will increase your monthly cash flow in a stress free and organized process. Don’t wait, make the call today for a step towards financial freedom. An initial consultation and quote are totally FREE of charge. If you would like to understand Los Angeles ADU laws click here NEO Builders
For All Your ADU Needs
NEO Builders Inc.
3940 Laurel Canyon, Studio City #394, 91604
License #: 1061134
If you are planning on building an ADU in this neighborhood and have any questions you can reach the city council staff contact at: