Rental Across from an Elementary School

[Rick Albert]

Hello Everyone!

I currently live in Los Angeles and considering the following scenario:

• Buying a single family home with a detached garage across from an elementary school
• Currently a 3 bed/1 bath but would add another bathroom
• I would hedge the front of the house for added privacy
• I would say it is a grade C neighborhood of Los Angeles
• Convert the garage to an Accessory Dwelling Unit (ADU)
• Live in the main house but will eventually move and rent out the main house
• School is mediocre, 5/10 from GreatSchools.org

My thought by being across from an elementary school is that I may come across long term tenants because the kids would go there from K-5th grade. However not sure if there are major impacts on rental values. Also if there are any impacts knowing I will have another tenant in the ADU.

Any thoughts would be appreciated.

Thank you!

[Jason Franklin]

I have rented a couple houses out in The SFV with ADU’s and it is not popular with families with children. Parents don’t want a stranger in their backyard where their kids play even if there is a fence dividing. Not saying it’s impossible to do, but I had 9 out of 10 families pass on the houses because the garage was rented out separately.

Just my experience.