2200 Thurman Avenue
Los Angeles, CA 90016
0.16 acres | #BB25003091
Description
2200 Thurman Ave is a 75% leased, NON-RENT CONTROLLED 2024 fourplex with a REAL 5.43% cap rate. These units have gotten massive demand from high quality tenants due to it's stand out design and unbeatable floorplans. Located next to the trendy Culver City Arts District, this property is just minutes from the trendies shops, galleries, and restaurants—making it a highly desirable investment. With a projected gross income of $264,000/year, this property offers strong cash flow and is ideal for 1031 exchange buyers.
Three of the 4-bedroom units are leased at rates of: $5,600/month for the two larger units and $5,400/month for the smaller unit. The remaining unit is projected to lease at $5,400/month. These units leased quickly even during the holidays! The property offers tri-level 4-bedroom, 4-bathroom townhomes, with massive balconies, high ceilings, and premium finishes. The building spans 8,202 sqft, with an excellent price per square foot of $450.50. 8 parking spots are secured behind a gate, adding to the property’s appeal.
Additional features include designer tiles, modern appliances, glossy cabinetry, and natural wood waterproof vinyl flooring. With drought-tolerant landscaping, a 1-year builder’s warranty, and separate meters for gas, water, and electricity, this property offers minimal maintenance for the owner. Don’t miss this opportunity to own a high-return property in one of LA’s most desirable neighborhoods. Contact us today to schedule a showing!
Property Details
- InteriorBalcony, OpenFloorplan, RecessedLighting, InstantHotWater, WalkInClosets
- ViewCityLights, Neighborhood
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Lot DescriptionPaved, Yard
- Original List Price$3,695,000
- MLS #BB25003091
- Property SubtypeQuadruplex
- MLS #BB25003091
- Taxes Annual$44,318
- Cost3695000
- Acres0.1609
- Utility SourcePublic
- Year Built2024
- Stories3
- Parking Spaces2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Elizabeth Maddox (#BB41810)
Listing Office: Myunits.com Inc. (#BH5345657)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
