Sol Hollywood in Los Angeles

Name: Sales in Sol Hollywood started!
Start: 2020-08-12T09:28:29.313804+00:00
End: 2023-12-31T23:59:59+0000
Location: Sol Hollywood

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Project info

Object ID: 8583

Finished at	February 2020
Price, m²	From 7500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 150.00 m²
Floors	3
Apartments	24
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Hollywood/Highland 5 min Hollywood/Vine 17 min
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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

1,125,000$

Net profit

9,376$

Payback period

95.7 years

Avg property value increase per year

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About the project

Sol Hollywood provides Family Development with an exciting opportunity to offer expertly designed urban homes in a community setting in the heart of West Hollywood, California.

Twenty-four single family luxury residences, located at the southeast corner of Lexington Avenue and Orange Drive, are enhanced ever more by the neighborhood's attractive surroundings with boutique shops, lively restaurants and dynamic entertainment all within a short walk. Sol Hollywood also places its residents in the middle of the entertainment capital of the world with numerous employment opportunities in very close proximity.

In addition to Sol Hollywood's enviable location, buyers will love the homes' edgy designs and the maintenance-free lifestyle. At approximately 1,768 to 2,328 square feet, the living spaces are just the perfect size for urban living. Rooms are open and bright with luxury accents such as quartzite countertops, urban squared corners and European metro-style cabinets included throughout the home. Balconies and rooftop decks with city views create exciting outdoor spaces making living easy at Sol Hollywood.