Located about five miles west of downtown Los Angeles, Wilshire Park is a neighborhood of 527 properties that has maintained a high degree of historic integrity: 74% of the neighborhood's homes are "contributing structures" to the HPOZ. Wilshire Park grew quickly after its first house appeared in 1907, spurred by the expansion of the downtown business district, new choices in methods of transportation, the development of Wilshire Boulevard, social change precipitated by war, and a speculative boom in the late 1910s and early 1920s. By 1926, there was a home on almost every lot. The houses vary in architectural styles, ranging from the early 20th century Craftsman, Prairie, and Mediterranean derivatives to Colonial Revival, Spanish Colonial Revival, and Los Angeles' largest collection of Dutch Colonial Revival. The Wilshire Park HPOZ also includes a range of housing types, from large two-story homes with expensive improvements to one-story bungalows. The HPOZ was adopted by the City Council in 2008. The zip code for this area is 90048.
Wilshire Park is a trending HPOZ for ADUs because it is a wonderful combination of big city living paired with a neighborhood feel, one of the few areas in LA to offer both. Residents take advantage of the many museums, shops, and restaurants it has to offer. But the area also has quiet residential streets, open spaces, and beautiful parks, filled with locals who like getting a taste of both worlds.This densely populated and high-trafficked neighborhood is a busy mix of residential, commercial, and community spaces smack in the middle of central Los Angeles. With so many important LA spots to hit in a single neighborhood, spending time in Hancock Park-Wilshire means really packing it in. You’ll never run out of new museum exhibits, but the fun certainly doesn’t stop there.
Wilshire Park Demographics
Median Income - $85,000
Median Age - 31 years old
Average Home Price - $1,000,000
How Much Can I Rent An ADU In Wilshire Park For In Today’s Market?
The average ADU in Wilshire Park rents for about:
Studio ADU- $1800/m
1 Bed 1 Bath ADU- $2400/m
2 bed 2 bath ADU- $3000/m
3 bed 3 bath ADU- $3400/m
Walkability Score For Wilshire Park
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 sold 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 have numerous design laws, getting approved plans takes 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
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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:
Staff Contact:
Amanda Kainer
(213) 847-3647
amanda.kainer@lacity.org
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