2200 Thurman AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25198049
Year Built 2024
Lot Size 7,008 Sqft
Property Sub-Type Quadruplex
Property Description
2200 Thurman Ave is a FULLY LEASED, NON-RENT CONTROLLED 2024 fourplex with a REAL 5.71% 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 $438.31. 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!
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Flooring Laminate,Tile
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Fence New Condition
Pool None
Community Features Curbs,Street Lights,Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description Landscaped,Level,Street Level
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard