Encino is an LA neighborhood that is both perfect for suburban family oriented residents as well as young professionals. Encino is a wonderful city located in the heart of LA County. The neighborhood is safe, family-friendly, beautiful, and affordable for living. Since it is located in the San Fernando Valley, the city of Encino always delivers magnificent weather, so the climate is absolutely perfect. In Encino, you can find all types of people: families, writers, actors, dancers, the young, old and everyone in between. The things to do and see in Encino are definitely tailored to this diverse population. There is something for everyone to enjoy. Building an ADU (accessory dwelling unit) in Encino will increase your current property value by $160,000 - $300,000.
Why is the market for ADU’s trending In Encino?
The Encino Commons
The main area for shopping and dining is situated on Ventura Blvd. between White Oak and Balboa, an area called the Encino Commons, which is called The Valley’s Miracle Mile, and home to more than 300 businesses. The Commons is known as a place where you could sit down for a nice dinner or just grab a quick snack.
2.Outdoor Activities
Encino is surrounded by several areas of lush parkland, including the 5-acre Los Encinos State Historic Park, the Sepulveda Dam, and Sepulveda Gardens. Dog owners can enjoy the off-leash Sepulveda Basin Dog Park. There’s also a sports complex with a baseball field and several golf courses. In short: there’s plenty to do outdoors. Balboa Park has every type of sport field imaginable as well as a beautiful lake.
Encino Demographics
With a population of 70,000 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 - $76,000
Median Age - 38 years old
Average Home Price - $750,000
How Much Can I Rent An ADU In Encino For In Today’s Market?
The average ADU in Encino rents for about:
Studio ADU- $1500/m
1 Bed 1 Bath ADU- $1800/m
2 bed 2 bath ADU- $2500/m
3 bed 3 bath ADU- $3000/m
ADU Walkability Score In Encino
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 Encino 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