Winnetka is a cozy neighborhood by Woodland Hills and Canoga Park that has lots of businesses and stores that are just a short drive away. Winnetka offers residents an urban suburban mix feel and most residents own their homes. In Winnetka there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in Winnetka. The public schools in Winnetka are above average. Building an ADU (accessory dwelling unit) in Winnetka will increase your current property value by $150,000 - $250,000. A recently built 400 sq ft. ADU by Neo Builders in the area rents for $1600 a month.
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Why is the market for ADU’s trending in Winnetka?
Los Angeles Pierce College: Is a public community college in the Los Angeles Community College District (LACCD). Which 22,000 students attend per semester. With no dorms or on campus housing, all 22,000 of these students are potential renters for your newly built ADU.
Family Friendly Parks Winnetka is home to numerous parks that are not only safe but family friendly. Winnetka Recreation center has a terrific indoor gymnasium as well as workout equipment. The Rec center also has a fully lighted baseball diamond. Other parks in the area include Quimby Park, Runnymede Park, and the West Valley YMCA.
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.
With a population of 49,000 people and 14,000 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. After being on the market for only three days, an ADU by Neo Builders signed a 1 year lease.
Median Income - $68,000
Median Age - 37 years old
Average Home Price - $480,000
How Much Can I Rent An ADU In Winnetka For In Today’s Market?
The average ADU rents for about:
Studio ADU- $1400/m
1 Bed 1 Bath ADU- $1600/m
2 bed 2 bath ADU- $2400/m
3 bed 3 bath ADU- $3000/m
ADU walkability score in Winnetka
The ADU walkability score is measured by walking distance from your new ADU to these attractions, the closer you are to these Winnetka 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 Winnetka 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.
Don’t wait, make the call today for a step towards financial freedom. An initial consultation and quote are totally FREE of charge.
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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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