Updated over 4 years ago on . Most recent reply
Los Angeles: Adding an ADU to a Multi-Family (2-4 units) Property
Hey BP investors/landlords, first post on the forums, and looking to get some advice when it comes to ADUs in the Los Angeles area. I currently own a 2-unit property with a garage that I plan to convert into an ADU. Does anyone have any insights as to how the ADU will impact property value? Is it realistic to expect at least a 1:1 level of appreciation (i.e., $100k in renovations = $100k+ in appreciation)? Given ADUs are relatively a new trend, are there enough comps when it comes to the appraisal process to significantly drive value?