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7317 Caverna Dr, Los Angeles, CA 90068

7317, Caverna Drive, Hollywood Hills, Los Angeles, Los Angeles County, California, 90068, United States of America
$1,750,000

Description

Financial Details:

Monthly Rent: $12,000
Expected Monthly Fee For Short Terms Rentals: $17,500
Annual Gross Rent: $210,000
Annual Property Tax: $21,112
Annualy estimated insurance: $1,750
Annual Pool Maintenance: $2,000
Annual Garden Maintenance: $2,000
Live In Maid: $30,000
Other Expenses (Maintenance): $12,000
Total Annual Expenses: $68,802
Net Income Without Funding: $141,138
Net Annual Return: 8.06%

Financial Expenses:

60% Loan To Property Price: $1,050,000
Equity: $700,000‏
Expected Interest: 4% fixed for 30 years
Monthly Return: $5,013‏
Annual Return: $60,156
Annual Interest Return: $19,429
Annual Principal Return: $40,727
Net Income After Financing Expenses: $80,982
Net Income After Financing Expense and Principal Return: $121,709
Return On Equity: 17.38%

Contemporary Mediterranean entertainer in prime Hollywood Hills. This stunning five-bed, four-bath home features many of the most sought-after aspects of this coveted neighborhood: open floor plan with high ceilings and spectacular sunset views, outdoor pool and spa. Surrounded by mature trees and lush landscaping, this serene home is a true jewel in the Hollywood Hills. The spacious living room opens to a large oversized window with lovely hillside and treetop views, while the large eat-in kitchen has high-end appliances and a giant center island. Downstairs is the master bedroom with a walk-in master closet and en suite bath with an oversized shower and bathtub. Additionally, two more bedrooms and a maids quarter, laundry and storage areas. The backyard is an entertainer’s paradise with a gorgeous pool with spa and incredible canyon views. Centrally located in the highly desirable Hollywood Hills close to hiking trails, shopping, and trendy restaurants.

  • Address: 7317 Caverna Dr
  • City: Los Angeles
  • State/county: California
  • Zip/Postal Code: 90068
  • Country: United States

Detail

Updated on February 1, 2020 at 6:13 am

  • Price: $1,750,000
  • Property Size: 8679 Sq Ft
  • Land Area: 3617 Sq Ft
  • Bedrooms: 5
  • Bathrooms: 5
  • Garage: 1
  • Year Built: 1978
  • Property Type: Luxury
  • Property Status: Buy, For Sale

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