2200 Thurman Ave - Apartments FOR SALE


Los Angeles, CA 90016- Miracle Mile
$3,695,000 USD
818-859-7242
2200 Thurman Ave, Los Angeles, CA for Sale
$3,695,000 USD
Apartments - FOR SALE
1/33
null | 5.43% Cap Rate

2200 Thurman Ave
Los Angeles, CA 90016
Miracle Mile


HIGHLIGHTS

  • 75% LEASED NOW
  • Located in Prime Mid-City!
  • Ideal unit mix of ALL 4 bedroom units!
  • Can be delivered fully rented!
  • Outstanding cap rate of 5.43%! Cash cow.
  • MASSIVE units (8,202 livable square feet) with premium floorplans.

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$3,695,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

4

PRICE/UNIT

$923,750

CAP RATE

5.43%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

75% Leased Luxury Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,010 SF

ZONING

LARD1.5

APN/PARCEL ID

5064-022-016

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.comMore Info
818-859-7242

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Elizabeth MaddoxMyunits.comMore Info
818-859-7242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.