Coolidge Place in Los Angeles

Name: Sales in Coolidge Place started!
Start: 2020-08-07T08:53:31.071828+00:00
End: 2023-12-31T23:59:59+0000
Location: Coolidge Place

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Project info

Object ID: 8494

Finished at	March 2020
Price, m²	From 5300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	2
Apartments	30
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

795,000$

Net profit

9,376$

Payback period

67.6 years

Avg property value increase per year

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About the project

Spacious residences combine modern style, intelligent design and energy efficiency, with seamless access to Silver Lake and all of Northeast LA. Unique floor plans designed by innovative Los Angeles-based architects, Modative, provide 2 bedrooms plus flexspace, up to 3.5 bathrooms, living area ranging from 1,468 to 1,677 sq. ft. and a private open and/or deck space. Be a part of the rapidly evolving community along the LA River, in a brand new home that is built to last.

Developer

Ray Watt entered the real estate business in 1947 to build homes for veterans returning from the war who faced a housing shortage. Working w…
Details about Watt Communities