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Westcliffe at Porter Ranch - Palisades Collection in Los Angeles

Name: Sales in Westcliffe at Porter Ranch - Palisades Collection started!
Start: 2020-08-11T06:56:09.664243+00:00
End: 2023-12-31T23:59:59+0000
Location: Westcliffe at Porter Ranch - Palisades Collection

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Project info

Object ID: 8532

Finished at	September 2017
Price, m²	From 4060$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 415.00 m²
Floors	2
Apartments	103
Condition	Turnkey
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

1,684,900$

Net profit

9,376$

Payback period

143.3 years

Avg property value increase per year

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About the project

Palisades is a collection of luxury contemporary home designs ranging from 4,500-5,600 square feet, showcasing designs with 4-6 bedrooms, 4.5-6 bathrooms, and 2-3-car garages, some home sites with gorgeous city views. Westcliffe residents are also within the Porter Ranch Community School boundary, providing families with children up to 8th grade the opportunity to attend the award-winning K-8 Porter Ranch Community School. The future 50-acre Porter Ranch Community Park, is expected to be completed Summer 2020. Porter Ranch residents enjoy easy access to local freeways, which make traveling via LAX or Burbank airport a breeze. The new Vineyards at Porter Ranch and existing retail center give residences ample choices for local shopping, dining, and entertainment.

Developer

From the homes we build to the talent we recruit, we know that to be the best, we have to work with the best. We invest in our employees …
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