Many people have never heard of historic preservation overlay zones (HPOZ). That includes those with real estate interests. As a result, they are often surprised to find that a property exists in such a zone. In fact, they may not only feel surprised but puzzled. After all, it’s an unknown. Although, they must address it, just the same. As a result, it pays to know about HPOZ, with property in mind. Since the impact could be major, it pays to know for now, or in the future. That’s especially true as a result of some areas having their fair share of HPOZ. And, since the City of Los Angeles fits that description, well, there you go. That said, let’s have a look now at HPOZ. Let’s see how to handle property in historic preservation overlay zones. As we do that, the name itself might lend us a clue.
Property in Historic Preservation Overlay Zones City of Los Angeles HPOZ
When it comes to property for sale in HPOZ, much more than the expected steps come into play. That’s due to a couple things. First, HPOZ exists as a protection for neighborhoods. Although, not just any. In fact, these zones protect areas with architectural and historical clout. It follows then, that a HPOZ equates to a historic district. And second, such a zone protects mainly single family, residential areas.
Property in Historic Preservation Overlay Zones falls under the guidelines of its district. Although, just what might some of those be? Well, one focuses on demolition or alterations deemed inappropriate to historic back drops. These don’t meet muster. In fact, HPOZ offers up only certain, tailored guidelines for changes made.
Bottom line, property for sale in a historic district might be a ‘contributing structure’. It might be a direct part of the historical aspect. And, to change its facade would first invoke review and approval by the HPOZ Board. On the other hand, the property for sale might be a ‘non-contributing structure’. In that case, the Board still enforces certain other guidelines.
As a result of the main directive to preserve an area designated historic, we can see how HPOZ guidelines matter. Also, we can see how key it is to know exactly what applies, in a specific district. In fact, many of them have unique rules.
Do you have an LA property found in this special zoning? Don’t let it get the best of you. Tap on an expert. In fact, hire an expert on every aspect of your real estate. Make sure you know what applies in the zone and what to do. Good to know the experts at LaRoche Team know exactly what it takes. Why not give them a call today?
