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    • Oct 21, 2020
    • 3 min read

Playa Del Rey - A Beachside Community Great For An ADU

Updated: Feb 15, 2023

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.


ADU and Accessory dwelling units in Playa Del Rey. Playa Del Rey Demographics, renting ADU in Playa Del Rey.
Accessory dwelling units in Playa Del Rey

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.

3. Affordability

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.

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.


For All Your ADU Needs

NEO Builders Inc.

3940 Laurel Canyon, Studio City #394, 91604

License #: 1061134

 

Local Neighborhoods for ADUs and Garage Conversions



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