Melrose Hill - Where It's Fashionable To Build An ADU
Melrose Hill HPOZ is a small gem of a neighborhood that shows why Los Angeles is known as “the bungalow capital of the world.” The modest single-family homes of this tree-shaded community were built between 1911 and 1926, at the height of the popularity of the California bungalow. Nearly half of its original 45 residences were designed and constructed by the Briggs Company, whose president, Sidney L. Briggs, was the principal for the subdivision and development of the area. The Melrose Hill HPOZ was adopted by the City Council in 1988. The zip code is 90029.
The market for ADUs is trending in Melrose Hill because this tiny enclave is a great area for first time home buyers, even though prices have increased a bit since then. This gem of a community is what residents call “a step back in time”. If you want your anonymity, this is the wrong place, but its appeal is apparent, since houses come up for sale on average, every 1.5 years. Home-owners love the isolation Melrose Hill provides, but say visitors often have a hard time finding them and so does “Waze”. Though it may be hard to find, the location can’t be any sweeter. It is centrally located near the 101 Freeway (Hollywood Freeway) so the commute is easier and everything you need is conveniently a short ride away.
Melrose Hill Demographics
Median Income - $30,000
Median Age - 31 years old
Average Home Price - $750,000
How Much Can I Rent An ADU In Melrose Hill For In Today’s Market?
The average ADU in Melrose Hill rents for about:
Studio ADU- $1500/m
1 Bed 1 Bath ADU- $1800/m
2 bed 2 bath ADU- $2400/m
3 bed 3 bath ADU- $2800/m
Walkability Score For Melrose Hill
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: