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Metropolis Tower 1 in Los Angeles

Name: Sales in Metropolis Tower 1 started!
Start: 2020-08-11T08:41:55.117844+00:00
End: 2023-12-31T23:59:59+0000
Location: Metropolis Tower 1

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Project info

Object ID: 8548

Finished at	April 2017
Price, m²	From 9880$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 44.00 m²
Floors	38
Apartments	308
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Figueroa/Olympic 2 min Pico 4 min Figueroa/Pico 5 min 7th Street/Metro Center 6 min Figueroa/7th 6 min 6th/Flower 8 min Grand/LATTC 9 min Figueroa/Washington 10 min Olive/5th 11 min Figueroa/Way/Adams 13 min Wilshire/Vermont 13 min Westlake/MacArthur Park 13 min LATTC/Ortho/Institute 14 min Olive/Kosciuszko 14 min San Pedro Street 14 min Pershing/Square 15 min Civic Center/Grand Park 19 min Civic Center/Grand Park 19 min 1st/Hill 19 min Jefferson/USC 20 min
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

434,720$

Net profit

6,783$

Payback period

48.2 years

Avg property value increase per year

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About the project

The first completed residential tower at Metropolis, Tower I features studio, one- and two-bedroom residences, ranging from a space-savvy 526 square feet to an expansive 1,720 square feet in size. Studios offer spacious open kitchens and walk-in closets with east-facing views capturing the downtown skyline and hillsides beyond.

One-bedroom homes boast spacious great rooms, master bedrooms with spa-like ensuite baths and one-and-a-half bath options. All two-bedroom residences are corner homes capturing multi-directional, southwest and northwest-facing views of Los Angeles and the Hollywood Hills.

Developer

Established in Shanghai, China on July 18, 1992, Greenland Holding Group Co. Limited (also known as “Greenland Group”) holds an asset size o…
Details about Greenland USA