USC STUDIO GEM
this Homeowner permitted the currently unpermitted unit to a beautiful ADU for continued rental income, and He couldn’t be happier with how it turned out! walk through the inviting patio area that is surrounded by lush vegetation for privacy, and covered with a sun shade sail to stay cool during the hot summer days. the front french doors will lead you into the space, and you will notice a lot of natural light is let in through these doors and sidelight window that expand depth of vision to the outdoor patio. inside you will find an open floor concept with white paint, light vinyl plank flooring and mirrored closet doors to let light become a part of the whole space which creates a pleasant and airy atmosphere.
Type
Permitting an Unpermitted ADU
location
USC Neighborhood, Los Angeles
size
404sf; Studio/1BA
Features
· Full electrical upgrade
· Electrical main panel upgrade
· New sewer line
· French doors along living room wall
· Recessed lighting throughout
· New tankless water heater
project cost
Construction Total: $49,412
Cost per sq ft: $122/sf
Change Orders: $3,882 (8%)
rent and noi analysis
$1,500 Average Rent
- $298 PITI (@3.5% interest)
= $1,202 Monthly Net Income (NOI)
financial return on investment
Annual NOI w/ financing: $14,420
5 Year NOI w/ financing: $*72,099
10 Year NOI w/ financing: $*144,198
Years to breakeven (Annual Rent/Total Cost): *2 Years/9 Months
*Does not consider annual rent increases
“Crystal & Alicia made this entire project go seamlessly. The Sidekick Team is First Class!”
