SoldSep 3, 2021

Listed by Elizabeth Maddox from The 2-4 Unit Specialists

1818 Thurman Ave, Los Angeles, CA, 90019

$4,800,000

10178 sq. ft.
10781 sq. ft.

MultiFam

•

Sold: Sep 3, 2021

What's around 1818 Thurman Ave

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 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!

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