Banning Park - Where HPOZ ADU Dreams Come True
Banning Park HPOZ is located near the Port of Los Angeles in the Wilmington community. The area comprising the HPOZ was originally part of the estate of General Phineas Banning, the “father of Wilmington,” an early developer of the port of San Pedro and a railroad tycoon. He developed the area with residences to house employees of Wilmington businesses. The architectural cohesiveness of this neighborhood can be attributed to the locally famous architect Sid Spearin, who called the development the “Original Court of Nation” and based his residential designs on Period Revival styles including Spanish, Dutch, American Colonial and Tudor Revival. The Banning Park HPOZ was adopted by the City Council in 2001. The zip code for this neighborhood is 90744.
The market for ADUs is trending in Banning Park because of its close proximity to Morongo Casino Resort and Spa as well as many museums in the area. Morongo is a resort for anyone over 18 that includes gaming, shopping, restaurants, bars, a pool oasis, and much more. There is also a country club nearby called the Sun Lakes Country Club which features a pristine golf course. The Gilman Ranch Museum and Museum Of Pinball are two fascinating museums nearby as well.
Banning Park Demographics
Median Income - $73,000
Median Age - 46 years old
Average Home Price - $850,000
How Much Can I Rent An ADU In Banning Park For In Today’s Market?
The average ADU in Banning Park rents for about:
Studio ADU- $1400/m
1 Bed 1 Bath ADU- $1900/m
2 bed 2 bath ADU- $2200/m
3 bed 3 bath ADU- $26000/m
Walkability Score For Banning Park
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 52nd Place 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: