Spaulding Square - A Great HPOZ To Build An ADU
Spaulding Square is a neighborhood of modest one-story Period Revival style homes built in the early 1900s, Spaulding Square was named after real estate speculator Albert Starr Spaulding who purchased and subdivided the land in 1914. Spaulding attracted buyers to the area using a “lecture and lunch” strategy whereby interested buyers received a free streetcar ride, a meal, and a talk on the endless possibilities of the area. Sales were also fueled by the rise of the film industry. The neighborhood location off Sunset Boulevard—fast becoming the major route between studios in Hollywood and stars’ homes in Beverly Hills—made it an appealing place for film technicians and up-and-coming actors to settle. Actress Lucille Ball and director Hugo Hass both lived in the area. The Spaulding Square HPOZ was adopted by the City Council in 1993. The zip code for this area is 90046.
Spaulding Square’s market is trending for ADUs because of its palpable small town vibe. It is like walking through a 1950s film set: Craftsman houses surrounded by white picket fences, big trees with crunchy leaves, pumpkins on front porches luring everyone out onto the sidewalks. It is one of LA’s many secret, special neighborhoods tucked behind busy streets. Public transit in Spaulding Square, Los Angeles is provided by Metro - Los Angeles (bus). There are 3 Metro - Los Angeles bus stops in Spaulding Square, Los Angeles. The nearest airport is Bob Hope Airport. The freeway nearest to Spaulding Square, Los Angeles is the US-101.
Spaulding Square Demographics
Median Income - $70,000
Median Age - 42 years old
Average Home Price - $850,000
How Much Can I Rent An ADU In Spaulding Square For In Today’s Market?
The average ADU in Spaulding Square rents for about:
Studio ADU- $1600/m
1 Bed 1 Bath ADU- $1900/m
2 bed 2 bath ADU- $2300/m
3 bed 3 bath ADU- $2800/m
Walkability Score For Spaulding Square
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 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
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: