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Los Angeles ADU Question
Hello Bigger Pockets Community,
I am looking at a property in Los Angeles. It is a single family house but it has room for an ADU. During this time of Covid, how difficult is it to get plans approved? Also, with materials being so expensive right now, how are Investors making a profit? What questions should I be asking and how do I understand zoning regulations? I was hoping to possibly build a two-story ADU with 2 bed 1 bath for each unit. I am a Newbie, and I do not want to bite off more than I can chew, so any information would be much appreciated.
Thank You
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I do a large majority of my projects in the San Fernando Valley, many of which are in the higher end areas like Studio City, Sherman Oaks, etc. I also do many projects in the NELA area (around Dodger stadium). Most of my projects are new construction/heavy demo with major additions. I have also built ADU units for myself AND for my clients as I am a licensed general contractor as well. I look for projects that I can add value to force appreciate. I also have a 14 unit in Koreatown I am working on, not sure if it will be flipped or held upon completion.
There are a lot of ways and opportunities to make money here, you just need the right teams to assist you.