2202 Thurman Avenue, Los Angeles, California, 90016
$3,675,000
Multi-family
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 restaurants—making 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 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!
Electric: Standard
Sewer: Public Sewer
Water Source: Public
Uncovered Spaces: 6.00
# of Garage Spaces: 2.00
# of Parking Spaces: 8.00
Lot Features: Landscaped
Exterior Features:Lighting
Property Condition : Turnkey
Number Of Buildings: 2
Road Frontage: City Street
Road Surface: Paved
Parcel Identification Number: 5064022016
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Central
Cooling Type: Central Air
Architectural Style : Modern
Year Built Source: Builder
Fireplace Features : None
Common Walls: No Common Walls
Appliances: Dishwasher,Electric Oven,Gas Range,Instant Hot Water,Microwave,Refrigerator
Laundry Features: Dryer Included,Electric Dryer Hookup,Washer Hookup,Washer Included
Laundry: Has Laundry
Zoning: LARD1.5
MLSAreaMajor: C16 - Mid Los Angeles
Street Address: 2202 Thurman Avenue
City: Los Angeles
State: California
Postal Code: 90016
County: Los Angeles
MLS Number: BB25104326
Year Built: 2024
Courtesy of Myunits.com Inc.
Courtesy of The Beverly Hills Estates
