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Oct 21, 20203 min read

Studio City- A Classic Neighborhood Perfect For A New ADU

Updated: Jan 26, 2022

Studio City is a bustling neighborhood which boasts attractions such as Universal Studios as well as breathtaking hikes and views. The city got its name due to TV and Movie studios in the city. Trendy restaurants such as Firefly and Katsu-Ya bring in locals every night. Building an ADU (accessory dwelling unit) in Studio City will increase your current property value by $180,000 - $280,000.



ADU and Accessory dwelling units in Studio City. Studio City Demographics, renting ADU in Studio City.
Accessory dwelling units in Studio City.


Why is the market for ADU’s trending In Studio City?


1. Universal Studios Hollywood - A must see for anyone in Los Angeles, Universal Studios as well as CityWalk are an attraction for anyone in LA. Not only are they both totally family friendly, they are also a great place to hang out with friends or even take a date. CityWalk has tons of cool shops that are all related to classic television and film. It’s perfect for any movie buffs.

2. Breathtaking Hikes - Fryman Canyon Trail and Franklin Canyon trail are essential hikes in the area. They both are stunning and not a hike you would want to miss. Other nearby hikes include Blinderman Trail, Dixie Canyon Park, and Los Angeles River Gardens.


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.


Studio City Demographics


With a population of 38,000 people and 18,000 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 - $92,000

  • Median Age - 40 years old

  • Average Home Price - $800,000


How Much Can I Rent An ADU In Studio City For In Today’s Market?


The average ADU in Studio City rent for about:

  • Studio ADU- $1500/m

  • 1 Bed 1 Bath ADU- $1700/m

  • 2 bed 2 bath ADU- $2400/m

  • 3 bed 3 bath ADU- $3000/m


ADU walkability score in Studio City


The ADU walkability score is measured by walking distance from your new ADU to these attractions, the closer you are to these Studio City 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 Studio City 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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