Granada Hills is an LA neighborhood that is both perfect for suburban family oriented residents as well as young professionals. It’s a perfect blend of spacious suburban neighborhoods and light commercial areas. With a deep history and a complex future, Granada Hills is still one of the most desirable areas in the San Fernando Valley. The things to do and see in Granada Hills are definitely tailored to this diverse population. There is something for everyone to enjoy. Building an ADU (accessory dwelling unit) in Granada Hills will increase your current property value by $150,000 - $250,000.
Why is the market for ADU’s trending In Granada Hills?
Schools
The first school that comes to mind is the nationally competitive Granada Hills Charter High School. In LAUSD it is ranked number five out of over 200 schools. At 4000 students it has plenty of room for all of Granada Hills and even some of the surrounding areas. They are competitive not only in testing but also in sports and academic competitions like the academic decathlon. They have actually taken first in academic decathlon the last 5 years. Even their marching band regularly places high in their division. Granada High is known as one of if not the best high school in the San Fernando Valley and it is near CSUN. Granada Hills is not by any stretch the cheapest part of the valley, but many people would say that it's your best bang for the buck. This is partly because of the schools, jobs, and recreation.
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.
Granada Hills Demographics
With a population of 70,000 people and 25,000 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 - $80,000
Median Age - 39 years old
Average Home Price - $780,000
How Much Can I Rent An ADU In Granada Hills For In Today’s Market?
The average ADU in Granada Hills rents for about:
Studio ADU- $1600/m
1 Bed 1 Bath ADU- $1800/m
2 bed 2 bath ADU- $2200/m
3 bed 3 bath ADU- $2800/m
ADU Walkability Score In Granada Hills
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.
Ofri Peretz (818) 569 - 9947 actively looks for homes with ADU potential. She also had multiple homes sell for over asking in Granada Hills 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.
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