Build A New ADU In Eagle Rock
Eagle Rock is named after a large rock whose shadow resembles an eagle with its wings outstretched. Eagle Rock has grown increasingly popular because it has so much to offer. Even though you're in the Los Angeles area, it has a small-town feel; you'll find well-kept homes often full of charm and character on mature tree-lined streets.The things to do and see in Eagle Rock are definitely tailored to this diverse population. There is something for everyone to enjoy. Building an ADU (accessory dwelling unit) in Eagle Rock will increase your current property value by $150,000 - $250,000.
Why is the market for ADU’s trending In Eagle Rock?
1. Architecture
One of Eagle Rock’s biggest attractors is its beautiful architecture. What gets overlooked is that, tucked away in the belly of our suburbs, there's a rich history of mindful and inventive design. This is certainly true for Eagle Rock, what with its diverse spread of quaint Craftsman bungalows, tasteful Spanish Revival pads, and other similar types of homes. Many famous architects have left their mark here. The Eagle Rock Recreation Center is a perfect example of this, you can play flag football and take flute lessons at a Neutra-designed building which is as practical as it is visually unique:
2. Affordability
ADU’s are small living units that are usually around 1,500 square feet. Within the past few years, over 3,000 new ADU’s have been built for thousands of homeowners. Why? Because it works.Not only are homeowners looking to build more ADU’s in the area, but renters are looking for more private alternatives to apartments in which they can have their own personal space. Rather than paying rent for a small apartment, a tenant would prefer having their own small home. As a homeowner in the area, making an investment in building an ADU will pay off as tenants are ready to move in.
Eagle Rock Demographics
With a population of 55,000 people and 31,000 housing units that were built before 2010, it makes sense that ADU’s built after 2018 are so sought after due to their affordability as well as modern build.
Median Income - $74,000
Median Age - 45 years old
Average Home Price - $850,000
How Much Can I Rent An ADU In Eagle Rock For In Today’s Market?
The average ADU in Eagle Rock rents for about:
Studio ADU- $2000/m
1 Bed 1 Bath ADU- $2200/m
2 bed 2 bath ADU- $2600/m
3 bed 3 bath ADU- $3200/m
ADU Walkability Score In Eagle Rock
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.
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
An addition of approved ADU plans will raise the value of your home leading to it selling for more. If you are planning on buying a property in Eagle Rock and building an ADU, we suggest working with a real estate agent that specializes in local accessory dwelling units. Even when the home is in the escrow stage, one should be looking to get ADU plans approved.
Ghazal Sheei actively looks for homes with ADU potential. She also had multiple homes sell for over asking in Eagle Rock 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.
For All Your ADU Needs
NEO Builders Inc.
3940 Laurel Canyon, Studio City #394, 91604
License #: 10611