Active

2200 Thurman AVE

LOS ANGELES CA, 90016

$3,695,000


$450.50 per sqft

Active

16 Beds

16 Baths

8,202 sqft

Multi-family

Built in 2024

2200 Thurman Ave is a 75% leased, NON-RENT CONTROLLED 2024 fourplex with a REAL 5.43% 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 projected gross income of $264,000/year, this property offers strong cash flow and is ideal for 1031 exchange buyers. Three of the 4-bedroom units are leased at rates of: $5,600/month for the two larger units and $5,400/month for the smaller unit. The remaining unit is projected to lease at $5,400/month. These units leased quickly even during the holidays! 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 $450.50. 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!

BB25003091MR

MLS ID

January 7, 2025

Listed

January 14, 2025

Updated

Map

2200 Thurman AVE
LOS ANGELES CA, 90016

Interior Features

Total Stories

3


Bedrooms

16


Total Bathrooms

16


Appliances

Dishwasher, Dryer, Dryer Included, Freezer, Inside, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included


Laundry Description

Dryer, Dryer Included, Inside, Washer, Washer Hookup, Washer Included


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.16 Acres


Architectual Style

Modern


Sewer

Public Sewer

Other Property Details

Area Name

Mid Los Angeles


Taxes

$44,318


Tax Frequency

Annually


Days on Market

1


Garage

Yes


Garage Spaces

2


Parking

Assigned, Garage


Parking Total

8


View

Yes


View Description

City Lights


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LARD1.5

Listed by Elizabeth Maddox with Myunits.com Inc.
Listing Contact: 818-850-8485 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor SCOTT BUTLER | CA DRE# 01846093 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/14/2025

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