38
See all 38 photos
$3,675,000
Est. payment /mo
16 Beds
16 Baths
Active
2202 Thurman Avenue Los Angeles, CA 90016
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25104326
Bedrooms 16
Property Sub-Type Res Income 2-4 Units
Property Description
2202 Thurman Ave is a FULLY LEASED, NON-RENT CONTROLLED 2024 fourplex with a REAL 5.44% 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 restaurantsmaking it a highly desirable investment. With a stabilized gross income of $262,800/year, this property offers strong cash flow and is ideal for 1031 exchange buyers. The larger of the 4-bedroom units are leased at rates of: $5,600/month and the two slightly smaller units are leased at $5,400/month and $5,300/month. 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 $448.06. 8 parking spots are secured behind a gate, adding to the propertys appeal. Additional features include designer tiles, modern appliances, glossy cabinetry, and natural wood waterproof vinyl flooring. With drought-tolerant landscaping, a 1-year builders warranty, and separate meters for gas, water, and electricity, this property offers minimal maintenance for the owner. Dont miss this opportunity to own a high-return property in one of LAs most desirable neighborhoods. Contact us today to schedule a showing!
Location
State CA
County Los Angeles
Zoning Builder
Direction From the 10 Freeway: Exit La Brea Ave. Head south on La Brea Ave for about 0.6 miles, Turn right on Thurman Ave, 2202 Thurman Av
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Tax ID 5064022016
Virtual Tour https://www.myunits.com/buy/2200thurman
Listed by Cheyenne Womack Myunits.com Inc.