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$3,695,000

Est. payment - /mo

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7,010 Sqft Lot

Active

2200 Thurman AVE Los Angeles, CA 90016

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

02/13/2025 11:34 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRBB25003091

Style Contemporary

Originating Board California Regional MLS

Year Built 2024

Lot Size 7,010 Sqft

Property Sub-Type Fourplex

Property Description

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 pro

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Rooms

Kitchen Dishwasher, Freezer, Garbage Disposal, Microwave, Oven Range - Gas, Refrigerator, Oven - Gas

Interior

Heating Central Forced Air

Cooling Central AC

Laundry 30, Other, Washer, Dryer

Exterior

Parking Features Assigned Spaces, Garage, Other

Garage Spaces 8.0

Pool 31, None

View Local/Neighborhood, City Lights

Building

Lot Description Paved

Story Three or More Stories

Water Hot Water, District - Public

Architectural Style Contemporary

Others

Tax ID 5064022016

Special Listing Condition Not Applicable

Listed by Elizabeth Maddox • Myunits.com Inc.

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA