Balboa Highlands - A Hot HPOZ Market for ADUs
Balboa Highlands is the first post-World War II neighborhood in the San Fernando Valley to achieve historic district status. Their zip code is 91344. It is located inside of Granada Hills in the San Fernando Valley. Balboa Highlands was constructed from 1962-64 by developer Joseph Eichler, who built thousands of homes in Northern California. It is one of only three Eichler tracts in Southern California, and the only Eichler development in Los Angeles County. The homes here were built around an atrium accessed through sliding-glass doors, blurring indoor and outdoor space. Balboa Highlands represents an outstanding example of Mid-Century Modern residential architecture. The Balboa Highlands HPOZ was adopted by the City Council in 2010. Many of the homes in Granada Hills were designed by the famed architect Joseph Eichler, whose style defined mid-century homes. When you look at houses in Granada Hills, you’re sure to find his iconic pitched roofs and beam ceilings all around.
The market for ADUs is trending in the Balboa Highlands due to its rich community feel as well as suburban life there. It’s a gorgeous neighborhood in a prime location, with great options for work and school, and a thriving, diverse community. Granada Hills Charter School is part of the public school system, and is rated #3 for public high schools in LA. Students living in the area will also have access to specialized schools, which offer programs in the arts, STEM studies and more. These include the California Academy of Math and Science and the Orange County School for the Arts.
Balboa Highlands Demographics
Median Income - $65,000
Median Age - 40 years old
Average Home Price - $750,000
How Much Can I Rent An ADU In Balboa Highlands For In Today’s Market?
The average ADU in Balboa Highlands rents for about:
Studio ADU- $1400/m
1 Bed 1 Bath ADU- $1800/m
2 bed 2 bath ADU- $2000/m
3 bed 3 bath ADU- $23000/m
Walkability Score For Balboa Highlands
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.
Increase The Value Of Your Home With An ADU Permit
If you believe your home has ADU potential, you should look into applying for architectural permits. Homeowners and agents are actively looking for homes with ADU potential. Realtors also have had multiple homes sell for over asking recently. Talk to your realtor about reaching out for approved city permits for an ADU.
How Much Do Permits Cost?
The process should be between $5,000-10,000 plus any specific city fees.
How Long Do ADU City Permits Take To Get Approved in an HPOZ?
Since HPOZ's have numerous design laws, it makes getting approved plans take about 6 months.
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: