Hollywood Grove HPOZ - Where Homeowners Are Building ADUS
Hollywood Grove is a small neighborhood comprising Turn-of-the-20th-Century houses in the foothills of the Hollywood Hills. The neighborhood, a collection of Craftsman and American Colonial Revival bungalows (with noticeable number of Period Revival houses as well), stands out as a strong indication of what a typical residential subdivision once looked like in the Hollywood community. Wide front yards with lush landscaping, front porches that embrace the sun, and views of rolling mountains and the ubiquitous Hollywood Sign make this former avocado grove an indelible part of Los Angeles’ history. The Hollywood Grove HPOZ was adopted by the City Council in 2011.
The market for ADUs is trending in Hollywood Grove because it is a bustling shopping and dining district. Named in part for The Grove, a popular outdoor mall that it borders, the area also features the Beverly Center, a slick, 8-story retail behemoth. Fashionistas browse the upscale boutiques along Melrose Avenue and Robertson Drive. Buzzy restaurants include see-and-be-seen classics such as The Ivy, plus high-end sushi spots, vegan cafes and celeb-chef spots.
Hollywood Grove Demographics
Median Income - $63,000
Median Age - 38 years old
Average Home Price - $850,000
How Much Can I Rent An ADU In Hollywood Grove For In Today’s Market?
The average ADU in Hollywood Grove rents for about:
Studio ADU- $1600/m
1 Bed 1 Bath ADU- $1900/m
2 bed 2 bath ADU- $2300/m
3 bed 3 bath ADU- $2700/m
Walkability Score For Hollywood Grove
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: