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$ 3,695,000
Est. payment | /mo
16 Beds
8,202 SqFt
$ 3,695,000
Est. payment | /mo
16 Beds
8,202 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,202 sqft
Price per Sqft $450
MLS Listing ID CRBB25003091
Bedrooms 16
HOA Y/N No
Year Built 2024
Lot Size 7,010 Sqft
Acres 0.16
Property Sub-Type Quadruplex
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 prop
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace No
Laundry Dryer, Washer, Other, Inside
Exterior
View Y/N true
View City Lights, Other
Handicap Access Other
Total Parking Spaces 8
Building
Lot Description Other, Paved
New Construction No
Others
Tax ID 5064022016
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Listed by Elizabeth Maddox • Myunits.com Inc.
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Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com