2200 Thurman Avenue

Los Angeles, CA 90016

$3,695,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

2024

calendar_month Built

Property 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!

Listing Information

List Price $3,695,000
Status Active
MLS BB25003091
Type Residential Income
Subtype Quadruplex
Year Built 2024
Lot Size 7,010
Structure Size N/A
DOM 1
Courtesy Of Myunits.com Inc.
Listing Agent Elizabeth Maddox DRE#01921425
Co-Listing Agent Isaac Davidi DRE#01819489

Interior Features

Laundry Information
Location(s) Washer Hookup, Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Vinyl
Fireplace Information
Features None
Additional Information
Additional Features Balcony, Open Floorplan, Recessed Lighting, Instant Hot Water, Walk-In Closet(s)
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Elizabeth Maddox, Isaac Davidi, Myunits.com Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 8th, 2025 at 2:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.