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3457 Primera Ave, Los Angeles, CA 90068

Property price: $1,420,000+ 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: 1990
  • SF: 3,571 Sqft
  • Lot size: 7,086 Sqft
  • Bedrooms: 4
  • Bathrooms: 3.5
  • Garage/Parking: Garage
  • Heating: Yes
  • Central air: Yes
  • Roof top Terrace: Yes
  • Financial details

  • Monthly Rent: $11,500
  • Expected Monthly Fee For Short Terms Rentals: $17,000
  • Annual Gross Rent: $204,000
  • Annual Property Tax: $18,737.5
  • Annualy estimated insurance: $1,499
  • Annual Garden Maintenance: $2,000
  • Live In Maid: $30,000
  • Other Expenses (Maintenance): $12,000
  • Total Annual Expenses: $64,236.5
  • Net Income Without Funding: $139,763.5
  • Net Annual Return: 9.32%
  • Financial Expenses

  • 60% Loan To Property Price: $899,400
  • Equity: $599,600
  • Expected Interest: 4% fixed for 30 years
  • Monthly Return: $4,294
  • Annual Return: $51,528
  • Annual Interest Return: $16,642
  • Annual Principal Return: $34,886
  • Net Income After Financing Expenses: $88,235.5
  • Net Income After Financing Expense and Principal Return: $123,121.5
  • Return On Equity: 20.5%
Pacific Holdings
Real Estate Investments
877-324-6904
PACIFIC HOLDINGS | LOS ANGELES
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: 877-324-6904
Fax-877-282-8028