Why You Should Build An ADU in Highland Park Garvanza
Highland Park Garvanza
The Highland Park-Garvanza HPOZ is located northeast of downtown Los Angeles. Highland Park is bordered on the south and east by the 110 freeway, and stretches west almost all the way to Eagle Rock Boulevard. The largest of the city’s HPOZs, Highland Park-Garvanza encompasses approximately 4,000 structures (including over fifty Los Angeles City Historic-Cultural Monuments) and was the first HPOZ to include commercial buildings. The architecture of Highland Park-Garvanza encompasses nearly every style popular from the 1880s through the 1940s – Queen Anne, Shingle, Craftsman, Mission Revival and Tudor Revival. The Highland Park HPOZ was adopted by the City Council in 1994 and expanded to include the Garvanza area in 2010.
The market for ADUs is trending in Highland Park because The neighborhood is in the midst of a renaissance, which has made it an affordable alternative for young professionals. Highland Park is historically Latino, and as housing prices have crept up, a lot of new parks, night life and vibrancy to streets. Many longtime residents welcome the new sense of security. Most attractions are clustered around Figueroa Street and York Boulevard. Local institutions, including Occidental College and Judson Studios, and personalities such as Charles Lummis, founder of the California Landmarks Club, heavily influenced the development of this scenic community.
Highland Park Garvanza Demographics
Median Income - $45,000
Median Age - 28 years old
Average Home Price - $750,000
How Much Can I Rent An ADU In Highland Park Garvanza For In Today’s Market?
The average ADU in Highland Park Garvanza rents for about:
Studio ADU- $1300/m
1 Bed 1 Bath ADU- $1600/m
2 bed 2 bath ADU- $2000/m
3 bed 3 bath ADU- $2400/m
Walkability Score For Highland Park Garvanza
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 sell 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's have numerous design laws, it makes getting approved plans take 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: