The Miracle Mile North HPOZ primarily consists of single-family homes which are uniform in scale and build. The majority of the one-story houses were built from 1924 to 1941 and reflect the Period Revival architectural styles of the time. While more than half of the homes represent the Spanish Colonial Revival style, Tudor and American Colonial Revival styles can also be found. Prominent architects Paul Revere Williams and Morgan, Walls and Clements and contractor Spyros Ponty (of South Carthay fame) designed houses for the neighborhood. The HPOZ features two City Historic–Cultural Monuments and was adopted by City Council in 1990.
The market for ADUs is trending in Miracle Mile because the strip is busy, as a home to museums, the La Brea Tar Pits, and a collection of historic Art Deco structures.With LACMA, the Petersen, and other museums – including the Craft and Folk Art Museum and the Architecture and Design Museum – the Miracle Mile has gained a reputation today as L.A.'s museum row. It is a beautiful LA neighborhood with lots to see.
Miracle Mile Demographics
Median Income - $62,000
Median Age - 42 years old
Average Home Price - $850,000
How Much Can I Rent An ADU In Miracle Mile North For In Today’s Market?
The average ADU in Miracle Mile North rents for about:
Studio ADU- $1700/m
1 Bed 1 Bath ADU- $2000/m
2 bed 2 bath ADU- $2600/m
3 bed 3 bath ADU- $3000/m
Walkability Score For Miracle Mile North
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
Architecture and Design Museum
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 sold 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 have numerous design laws, getting approved plans takes 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
Sign up for your FREE ADU Consultation with NEO Builders Today!
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: