1818 Thurman Avenue, Los Angeles, CA 90019
Property · 2 recorded sales since 2019
Sold September 2021
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Elizabeth Maddox · The 2-4 Unit Specialists · MLS #BB21112172 · Source: CRMLS
About this property
1818 Thurman is a fully stabilized, pride-of-ownership 2021 construction 6-unit property located in prime Mid-City. We personally handled the leasing of this property and can attest to the fact that these units were the “belle of the ball” in Mid-City, quickly achieving $4,395 per unit. We concurrently handled the sale and lease up of the matching triplex located next door at 1824 Thurman, which just closed at $2,700,000 ($900,000 per unit). Enjoy a discount on 1818 Thurman, at only $800,000 per unit. 1818 Thurman features three tri-level “double-duplexes”, making for a total of six beautifully designed 4 bedroom, 4 bathroom units. This easy to manage 6-unit will provide investors a real cap rate of 4.79%. In addition to the impressive return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. This one-of-a-kind property is located just minutes away from Downtown Culver City, which has attracted superior tenants. Other notable features include: tons of yard area/outdoor space with turf, large balconies for each home, high ceilings, thoughtfully designed, spacious floorplans, stainless steel appliances, manicured landscaping, washer/dryers in each unit, chic bathrooms, immaculate kitchens, and private 2 car garages for every unit!
Listing description from the September 2021 sale, as reported to CRMLS.
Sale history
