Woodland Hills - A Prime ADU City

NEO Builders is the best ADU contractor for your job. Contact us today!

The Woodland Hills area is known for numerous reasons, mostly the Topanga Mall & Village as well as Pierce College. But Woodland Hills real estate is currently trending. Building an ADU (accessory dwelling unit) in Woodland Hills 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.

Why is the market for ADU’s trending?

Education

  • Los Angeles Pierce College, 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.

  • University Of Phoenix has a location near Warner Center in which students who attend the school may want to live near.

  • California Lutheran University, a private University that excels in sports, is also nearby and has about 5,000 students enrolled per semester.

Shopping In The Area

Woodland Hills is home to many shopping malls, most notably Westfield at Topanga and the Village at Topanga. These malls bring lots of employment to the city and those employees all need places to live. ADU’s are perfect for retail workers who can not afford to buy a full size home but would still like to live in a
private residence.

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.

Woodland Hills Demographics

  1. With a population of 70,000 people and 30,000 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.

  2. Median Income - $96,000

  3. Median Age - 42 years old

  4. Average Home Price - $910,000

NEO Builders is the best ADU contractor for your job. Contact us today!

How Much Can I Rent An ADU In Woodland Hills For In Today’s Market?

 The average ADU rents for about:

  • Studio ADU- $1600/m

  • 1 Bed 1 Bath ADU- $1800/m

  • 2 bed 2 bath ADU- $2600/m

  • 3 bed 3 bath ADU- $3400/m

ADU walkability score in Woodland Hills

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.

(818) 441-8424

3940 Laurel Canyon, Studio City #394, 91604

    License #: 1061134

NEO Builders is the best ADU contractor for your job. Contact us today!

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