Like many neighborhoods in Los Angeles’ Westside, Mar Vista has been undergoing a lot of new development and change over the past few years. The market for ADUs is trending in Mar Vista because with a great location and plenty of entertainment options, activities, and amenities, Mar Vista is one of the best neighborhoods on LA’s Westside. Mar Vista is a small but active neighborhood located between Venice and Culver City. The neighborhood is as laid-back and tranquil as possible.Today, residents and visitors enjoy plenty of community benefits, including great dining and shopping options. Situated mostly on Venice Boulevard bordering Centinela Avenue, the neighborhood is only a short distance from the beach as well as the downtown centers of Santa Monica and Culver City. The zip code for this area is 90066.
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Thanks to the recent advent of the tech-fueled Silicon Beach over the past couple years, new restaurants, shops, residential developments, and specialty stores have popped up all around Mar Vista. There are a variety of homes available in the Mar Vista neighborhood, many of which include residential buildings, townhomes, duplexes, and single-family homes. The neighborhood has a selection of modern and upscale homes, while other older homes retain their classic charm. Residents of Mar Vista have access to one of the area’s largest recreational parks and facilities for jogging, playing sports, or walking their dogs. For families who live around the area, these welcoming parks also offer on-site pre-school as well as a summer camp for toddlers. Mar Vista also has several dive bars and trendy establishments to enjoy a beer or handcrafted cocktail. One of the most well known farmers’ markets is the Mar Vista Farmers’ Market that takes place every Sunday.
Mar Vista Demographics
● Median Income - $76,000
● Median Age - 38 years old
● Average Home Price - $780,000
How Much Can I Rent An ADU In Mar Vista For In Today’s Market?
The average ADU in Mar Vista rents for about: Studio ADU- $1800/m 1 Bed 1 Bath ADU- $2200/m
2 bed 2 bath ADU- $2600/m
3 bed 3 bath ADU- $3100/m
Walkability Score For Mar Vista 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. Santa Monica Airport Penmar Golf Course Penmar Park Mitsuwa Japanese Marketplace
Ocean View Farms Mar Vista Farmer's Market
Ofri Peretz (818) 569 - 9947 actively looks for homes with ADU potential. She also had multiple homes sold for over asking in Westwood 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. Click here To Increase Your Home's Value Today
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
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