Arla in Los Angeles

Name: Sales in Arla started!
Start: 2020-08-07T11:21:49.931271+00:00
End: 2023-12-31T23:59:59+0000
Location: Arla

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Project info

Object ID: 8500

Finished at	April 2020
Price, m²	From 5000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 160.00 m²
Floors	3
Apartments	38
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

800,000$

Net profit

9,376$

Payback period

68.1 years

Avg property value increase per year

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About the project

Arla, Swedish for “morning”, is a collection of architectural single family and live/work homes nestled in the vibrant community of Eagle Rock. At the heart of the community is a “Central Park” designed to extend living areas into the outdoors to foster community building.

Local visionary architecture and design team of Rachel Allen, AIA (RADAR); Deidre Doherty (DDI) and Allen Compton (SALT) designed ARLA with functionality, harmony and an allegiance to Scandinavian design principals for an unencumbered lifestyle.

Arla features seven homes along Eagle Rock Blvd that have separate commercial retail spaces allowing small business owners an opportunity to live where they work. Other floorplans offer ground floor suites with kitchenettes perfect for a home office or shared living, so you can work less.

Located in desirable Eagle Rock at the union of Eagle Rock, Highland Park and Glassell Park – all of NELA is your playground. This culturally diverse area being hailed as the “new Silver Lake” has an LA energy but with a charming, neighborly, low-key vibe.

Developer

Encore is a vertically integrated firm with land acquisition, entitlement, development, construction sales and marketing capabilities in-hou…
Details about Encore Capital Management