1824 Thurman Avenue, Los Angeles, CA 90019
Property · 2 recorded sales since 2019
Sold July 2021
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #BB21111424 · Source: CRMLS
About this property
1818 and 1824 Thurman, two side-by-side 2021 construction properties that can be sold together or separately in an unbeatable location less than 10 minutes from Downtown Culver City. 1824 Thurman is a triplex made up of a massively impressive, standalone 5 bedroom, 5 bathroom single family residence, plus a 3-story townhome style duplex made of two 4 bedroom, 4 bathroom units. This property is FULLY RENTED with A+ tenants paying $5,795, $4,395 and $4,395. Enjoy in place, sky-high cash flow on day 1 of ownership! The neighboring new construction 6-unit, 1818 Thurman, is also for sale and boasts similarly amazing floorplans and finishes (buy just one of these deals or even better, both!). Both properties will be delivered FULLY STABILIZED at close of escrow. This easy to manage and fully occupied triplex will provide investors a real cap rate of 4.87%. In addition to the impressive return, buyers will enjoy other notable perks including: 2-car garages for each unit, 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: shared 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 July 2021 sale, as reported to CRMLS.
Sale history
