Build an ADU In The Trendy HPOZ Sunset Square
Sunset Square is bounded by Hollywood Blvd to the north, Vista Street to the east, Sunset Blvd to the south and Fairfax to the west, the Sunset Square HPOZ is situated just north of the Spaulding Square HPOZ. The Sunset Square HPOZ comprises 348 homes. It is composed of single and multi-family residences constructed primarily in the first half of the 20th century, with most of the construction occurring between 1910 and the 1920’s. The dominant architectural styles are Craftsman, Spanish Colonial Revival, and American Colonial Revival; other styles include: Tudor Revival, Mediterranean Revival, French Revival, and Minimal Traditional. The district is characterized not only by its buildings but also by spatial and landscape features such as its gridded street plan, consistent lot sizes and setbacks, concrete sidewalks, and landscaped parkways. The Sunset Square HPOZ was adopted by the City Council in 2017. The zip code for this area is 90046.
The market for ADUs is trending in Sunset Square due to its easy transportation system and suburban feel. Accessibility is a blessing in this neighborhood as most errands can be accomplished on foot. 7 homes were listed for sale this month in Sunset Square, Los Angeles. This is 30% lower compared to last month. The suburbs have their tranquil streets, peace and quiet, and proximity to open spaces and nature. For some, the idea of being car-dependent is unacceptable, while for others, a reasonable drive time to their favorite weekend hangout is a dream come true.
Sunset Square Demographics
Median Income - $60,000
Median Age - 41 years old
Average Home Price - $730,000
How Much Can I Rent An ADU In Sunset Square For In Today’s Market?
The average ADU in Sunset Square rents for about:
Studio ADU- $1500/m
1 Bed 1 Bath ADU- $1800/m
2 bed 2 bath ADU- $2200/m
3 bed 3 bath ADU- $2700/m
Walkability Score For Sunset Square
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: