Valley Glen is a diverse and up and coming neighborhood in between Van Nuys and North Hollywood. It is rich in culture due to its great diversity. There is a half-mile long mural that is the perfect example of the culture behind the neighborhood. Building an ADU (accessory dwelling unit) in Valley Glen will increase your current property value by $150,000 - $250,000.
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Why is the market for ADU’s trending In Valley Glen?
1. Los Angeles Valley College
LAVC is a public community college in Valley Glen. It has over 20,000 students enrolled per semester which makes it a hub for renters. These renters are students that are looking for private residence without paying too much. An affordable ADU is key for these students.
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.
Valley Glen Demographics
With a population of 52,000 people and 19,000 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 - $70,000
Median Age - 36 years old
Average Home Price - $590,000
How Much Can I Rent An ADU In Valley Glen For In Today’s Market?
The average ADU in Valley Glen rents for about:
Studio ADU- $1300/m
1 Bed 1 Bath ADU- $1500/m
2 bed 2 bath ADU- $2000/m
3 bed 3 bath ADU- $2500/m
ADU walkability score in Valley Glen
The ADU walkability score is measured by walking distance from your new ADU to these attractions, the closer you are to these Valley Glen 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 Valley Glen 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.
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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.
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For All Your ADU Needs
NEO Builders Inc.
3940 Laurel Canyon, Studio City #394, 91604
License #: 1061134
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