CAN YOU GENERATE INCOME BY BUILDING AN ADU ON YOUR PROPERTY? HERE ARE TWO CASE STUDIES THAT SHOW YOU HOW.
The Accessory Dwelling Unit (ADU) is revolutionizing housing in Los Angeles on single family residential lots. The additional rentable constructed space should be profitable when completed based on current median rent prices in Los Angeles.
Design for an ADU above an existing garage.
ADU CASE STUDY - EXAMPLE 1:
1200 SFT DETACHED ADU SINGLE STORY (3 BEDROOM, 2 BATH)
Maximize the income potential of your property by adding the largest allowable 1200 sft accessory dwelling unit. This example is attached to the existing garage and provides a master bedroom and bathroom, two additional bedrooms, second shared bathroom, open living room/kitchen/dining, and utility room.
Floor plan for New 1200 sft ADU (3 bedroom, 2 bath) attached to existing garage.
Additional fees may apply. This is only an estimate and price per square foot can vary widely depending on specific finishes and any specific conditions your project may have. Play around with the APR loan calculator to adjust between Loan Amount, Interest Rate, and Loan Length.
ADU CASE STUDY - EXAMPLE 2:
400 SFT GARAGE CONVERSION (STUDIO)
The simplest build is the garage conversion to studio apartment. The profit for this project type is great based on the budget estimator and median studio rent in Los Angeles. Rents in Los Angeles vary widely, so it is good to do some research on your specific area to get an idea of what the rentable space would fetch and if the numbers work for you.
Floor plan for New 400 sft ADU (studio) conversion of an existing garage.
Additional fees may apply. This is only an estimate and price per square foot can vary widely depending on specific finishes and any specific conditions your project may have. Play around with the APR loan calculator to adjust between Loan Amount, Interest Rate, and Loan Length.
Using the Loan Calculator you could pay off the construction loan for the entire cost of the construction of the garage conversion in as little as six years based on estimated monthly rent.
Median 1-bedrom rent in Los Angeles is $2,330 based on Zumper.
Contact us about your project and have us get started designing and permitting your ADU project today.