Reseda is an LA neighborhood that is both perfect for suburban family oriented residents as well as young professionals. Reseda is a wonderful city located in the heart of LA County. The neighborhood is safe, family-friendly, beautiful, and affordable for living. The things to do and see in Reseda are definitely tailored to this diverse population. There is something for everyone to enjoy. Building an ADU (accessory dwelling unit) in Reseda will increase your current property value by $160,000 - $300,000.
Why is the market for ADU’s trending In Reseda?
Pedestrian and Pet Friendly
Reseda now has bike lanes, crosswalks, and many pedestrian walkways, which are perfect for residents who prefer to get around on foot. Many of the residential communities in Reseda feature their own private Dog Parks, but there are three very new and well-maintained dog parks offered to locals in both the community and the surrounding neighborhoods. Seeing people walk their dogs in the area is not uncommon. Reseda is also on the path of the Metro Orange Line which connects with the rest of the San Fernando Valley. Reseda also has stops on the Orange Line which runs through all of the San Fernando Valley and connects with the Red Line which can reach all of the greater Los Angeles area. It also has easy access to the 101, 170, and 405 freeways. The streets are all pedestrian friendly as well as friendly toward bikers.
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.
Reseda Demographics
With a population of 60,000 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 - $50,000
Median Age - 35 years old
Average Home Price - $450,000
How Much Can I Rent An ADU In Reseda For In Today’s Market?
The average ADU in Reseda rents for about:
Studio ADU- $1600/m
1 Bed 1 Bath ADU- $1800/m
2 bed 2 bath ADU- $2400/m
3 bed 3 bath ADU- $3100/m
ADU Walkability Score In Reseda
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 Reseda 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
CHECK OUT OUR MOST RECENT RESEDA PROJECT
Featuring a beautiful red door, stainless steel appliances, rainfall shower, and a patio. The existing garage was 360 sq. ft. which is usually big enough for a studio, but the client decided to add an addition of 120 sq. ft for a total of 480 sq. ft. The bathroom is approximately 45 sq. ft. The kitchen is approximately 28 linear ft. The exterior backyard is around 450 sq. ft. We believe that homes in san Fernando valley are a perfect candidate for ADU's This property owner used to rent the main home for approximately $2300. We renovated the main house a bit and built the ADU, now the homeowner rents both units out, for approximately $2900 for the main house and $2000 for the ADU. Bringing his total to $4900 in gross rentals. He took a loan to pay for the ADU and cash flows, approximately $1300 per month on the ADU. This would be a perfect house hack for anyone renting the ADU. Building an ADU is challenging, but the NEO builders are there for every part of the process. We not only drew the architectural plans, mechanical plans, structural plans, but we also submitted them to the Los Angeles building department (LADBS)
For All Your ADU Needs
NEO Builders Inc.
License #: 1061134