Contact Our Agent

1000 characters left

2416 Apollo Dr, Los Angeles, CA 90046

Property price: $2,495,000 + Closing costs
sold3
Luxury home in Los Angeles with a high yield and a high potential for improvement
The investor is required to put down 40 % with 60% bank financing with 4%-5% interest .
Option to purchase with the CLA model.
  • Status: Sold
  • Year Built: 1979
  • SF: 3,179sqft
  • Lot size: 0.39 Acres (16988 sqft)
  • Bedrooms: 4
  • Bathrooms: 4
  • Garage/Parking: Garage
  • Heating: Yes
  • Central air: Yes
  • Roof top Terrace: Yes
  • Financial details

  • Monthly Rent: $19,550
  • Expected Monthly Fee For Short Terms Rentals: $24,950
  • Annual Gross Rent: $299,400
  • Annual Property Tax: $31,187.5
  • Annualy estimated insurance: $2,495
  • Annual Garden Maintenance: $2,000
  • Live In Maid: $30,000
  • Other Expenses (Maintenance): $12,000
  • Total Annual Expenses: $77,682
  • Net Income Without Funding: $221,718
  • Net Annual Return: 8.8%
  • Financial Expenses

  • 60% Loan To Property Price: $1,497,000
  • Equity: $998,000
  • Expected Interest: 4% fixed for 30 years
  • Monthly Return: $7,147
  • Annual Return: $85,764
  • Annual Interest Return: $27,699
  • Annual Principal Return: $58,065
  • Net Income After Financing Expenses: $135,954
  • Net Income After Financing Expense and Principal Return: $194,019
  • Return On Equity: 19.4%
Pacific Holdings
Real Estate Investments
(800) 403-3407
PACIFIC HOLDINGS | LOS ANGELES
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: (800) 403-3407
Fax-877-282-8028