Contact Our Agent

1000 characters left

8638 Franklin Ave, Los Angeles, CA 90069

Property price: $2,500,000 + Closing costs
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 CMA model.
  • Status: For sale
  • Year Built: 1954
  • SF: 2,250sqft (209sqm)
  • Lot size: 5,654sqft (525.27sqm)
  • Bedrooms: 3
  • Bathrooms: 3.5
  • Garage/Parking: Garage
  • Heating: Yes
  • Central air: Yes
  • Financial details

  • Monthly Rent: $10,869.58
  • Expected Monthly Fee For Short Terms Rentals: $23,643.48
  • Annual Gross Rent: $283,721.70
  • Annual Property Tax: $28,372.05
  • Annualy estimated insurance: $2,364.33
  • Live In Maid: $30,000
  • Other Expenses (Maintenance): $12,000
  • Total Annual Expenses: $72,736.38
  • Net Income Without Funding: $210,985.33
  • Net Annual Return: 8.44%
  • Financial Expenses

  • 60% Loan To Property Price: $1,500,000
  • Equity: $1,000,000
  • Expected Interest: 4% fixed for 30 years
  • Monthly Return: $10,871.00
  • Annual Return: $130,452.00
  • Annual Interest Return: $86,947.13
  • Annual Principal Return: $43,504.87
  • Net Income After Financing Expenses: $80,533.33
  • Net Income After Financing Expense and Principal Return: $124,038.20
  • Return On Equity: 12.40%
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