Carthay Square - An Hpoz Perfect To Build an ADU
The Carthay Square HPOZ is located in the western part of Central Los Angeles. It borders the Carthay Circle HPOZ on its northern side and the South Carthay HPOZ on its western side. The survey area is bounded by Pico Boulevard to the south, Fairfax Avenue to the east, Olympic Boulevard to the north, and the Stearns Drive alleyway to the west. It includes single-and multi-family residences constructed primarily in the 1920s and 1930s. Most buildings in the proposed HPOZ were constructed in styles associated with the Period Revival idiom. The dominant architectural style is Spanish Colonial Revival; other styles include Tudor Revival, Mediterranean Revival, Monterey Revival and French Revival. The district is characterized not only by its buildings but also by spatial and landscape features such as its grid street plan, asphalt streets, consistent lot sizes and setbacks, concrete sidewalks, and landscaped parkways. The Carthay Square HPOZ was adopted by the City Council in 2017.
Carthay Square is currently trending for ADUs because of the bustling real estate market in the area. Carthay is actually a micro-neighborhood made up of several much smaller districts. It is also located right by La Brea, Miracle Mile, and Mid Wilshire. It’s like an oasis nestled in between Beverly Hills and West Hollywood. Most of the buildings in Carthay Square were constructed in the 1920s and 1930s.
Carthay Square Demographics
Median Income - $74,000
Median Age - 36 years old
Average Home Price - $840,000
How Much Can I Rent An ADU In Carthay Square For In Today’s Market?
The average ADU in Carthay Square rents for about:
Studio ADU- $1500/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 Carthay 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: