Living on the beach, also known as most homeowner’s dreams. Living in Playa del Rey offers residents an urban feel and most residents rent their homes. In Playa del Rey there are a lot of restaurants, coffee shops, and parks. Many young professionals live in Playa del Rey. The public schools in Playa del Rey are above average. There is something for everyone to enjoy in Playa Del Rey. Building an ADU (accessory dwelling unit) in Playa Del Rey will increase your current property value by $150,000 - $250,000.
Sign up for your FREE ADU Consultation with NEO Builders Today!
Why is the market for ADU’s trending In Playa Del Rey?
1. The Beach
The beach is the main feature of Playa Del Rey. This beach has cafe’s, taverns, and boutiques near it. The city is a beautiful sight lined with some of the best restaurants you’ll find in LA. It is a haven for boating enthusiasts, but for those looking for that “beach life,” it is more than enough. Luckily, your new living space is strategically positioned so that you can take a quick trip north or south for maximum access to every nearby beach.
2. Tech Companies
Playa Del Rey is also known as “Silicon Beach” because lots of tech companies have their headquarters here.
ADU’s are small living units that are usually between 200-1200 square feet. Since September 2020 the state of California has made it easier for home owners to permit and build new units. Why? Because it works. The housing shortage is finally being privatized and its single family home owners that will finally win. 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.
Playa Del Rey Demographics -
With a population of 12,000 people and 6,600 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 - $100,000
Median Age - 38 years old
Average Home Price - $900,000
How Much Can I Rent An ADU In Playa Del Rey For In Today’s Market?
The average ADU in Playa Del Rey rent for about:
Studio ADU- $1800/m
1 Bed 1 Bath ADU- $2000/m
2 bed 2 bath ADU- $2500/m
3 bed 3 bath ADU- $3000/m
ADU walkability score in Playa Del Rey
The ADU walkability score is measured by walking distance from your new ADU to these attractions, the closer you are to these Playa Del Rey 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 Playa Del Rey 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. Check out our Los Angeles rules and regulation page for more details.
Don’t wait, make the call today for a step towards financial freedom. An initial consultation and quote are totally FREE of charge.
Call us today for a FREE CONSULTATION!
For All Your ADU Needs
NEO Builders Inc.
3940 Laurel Canyon, Studio City #394, 91604
License #: 1061134
Local Neighborhoods for ADUs and Garage Conversions
San Fernando ADU
Culver City ADU
Los Angeles ADU
South Pasadena ADU
Thousand Oaks ADU
Simi Valley ADU
San Gabriel ADU
Temple City ADU
Altadena Garage Conversion
Inglewood Garage Conversion
Alhambra Garage Conversion
Simi Valley Garage Conversion
Azusa Garage Conversion
San Gabriel Garage Conversion
Temple City Garage Conversion
Duarte Garage Conversion
Monrovia Garage Conversion
Hollywood Garage Conversion
San Fernando Garage Conversion
Culver City Garage Conversion
Los Angeles Garage Conversion
Pasadena Garage Conversion
South Pasadena Garage Conversion
Thousand Oaks Garage Conversion
Glendale Garage Conversion
Arcadia Garage Conversion
Rosemead Garage Conversion