Living In Jefferson Park? You Should Build An ADU!
Updated: 4 days ago
Jefferson Park is called the “soul of the city” because of its strong sense of community among its residents.The neighborhood began as one of the wealthiest areas of Los Angeles, which is why there are so many architectural wonders to be found lining the streets. Through the last century, Jefferson Park has continued to attract an eclectic mix of residents who have brought unique businesses, great food, and a mix of cultures. It’s the perfect community for people looking for a great centralized location with a unique history. Data shows a gradual change in income and education levels; they are slowly shifting upward.The things to do and see in Jefferson Park are definitely tailored to this diverse population. There is something for everyone to enjoy. Building an ADU (accessory dwelling unit) in Jefferson Park will increase your current property value by $150,000 - $250,000.
Why is the market for ADU’s trending In Jefferson Park?
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.
2. Growth Of The City
Jefferson Park is located between the 10 Freeway to the north and Exposition Boulevard to the south.This is a booming neighborhood in the early phase of gentrification. Previously, Jefferson Park was not known for being a luxurious neighborhood but it is definitely improving. The average home price in Jefferson Park is affordable and will definitely increase as the city keeps growing.
Jefferson Park Demographics
With a population of 50,000 people and 27,000 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 - $69,000
Median Age - 44 years old
Average Home Price - $600,000
How Much Can I Rent An ADU In Jefferson Park For In Today’s Market?
The average ADU in Jefferson Park rents for about:
Studio ADU- $1800/m
1 Bed 1 Bath ADU- $2000/m
2 bed 2 bath ADU- $2400/m
3 bed 3 bath ADU- $2900/m
ADU Walkability Score In Jefferson Park
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 Jefferson Park 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 #: 10611