1818 Thurman Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$4,450,000 USD
818-859-7242
1818 Thurman Ave, Los Angeles, CA for Sale
$4,450,000 USD
Apartments - FOR SALE
1/51
null | 6.27% Cap Rate

1818 Thurman Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Fully stabilized 2021 six-unit delivering a TRUE 6.27% cap rate and 11.55 GRM
  • 100% occupied with tenants in place since original 2021 lease-up — proven income, low loss-to-lease
  • All 4-bedroom, 4-bath units averaging 1,696 SF with two-car garages, private entries, and in-unit laundry
  • $32,095 monthly income ($385,140 annual) with strong tenant retention and no rent control exposure
  • Low expenses: only $90,711 annually— efficient and easy to operate
  • Turnkey investment: drought-tolerant landscaping, separate utilities, and builder’s warranty for low maintenance

OVERVIEW

The 5+ Unit Specialists are pleased to present 1818 Thurman Ave, a fully stabilized 2021-built six-unit delivering a real 6.27% cap rate and four full years of proven income. In a market flooded with new builds still chasing tenants, this one’s already performing.  Each of the six residences are large 4 bed, 4 bath units with private entry, in unit laundry, separate utilities, and 2 car private garage parking. Two of the units also benefit from three additional outdoor parking spaces, bringing their total parking to five spaces, allowing for even higher rents. Current rents range from $4,795 to $5,900, making this a plug and play investment for 1031 buyers seeking strong day one income. Built for longevity, the property features drought tolerant landscaping and a builder’s warranty, helping keep expenses low and operations smooth. Just minutes from Downtown Culver City’s creative corridor and hot spots like Father’s Office, Etta, and Margot, the location attracts long term professionals working at Amazon Studios, Apple, HBO, Sony & more. With almost no stabilized new construction available and demand at an all-time high, 1818 Thurman is that rare, proven performer every investor wants but few can actually find.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$437 USD /SF

# OF UNITS

6

PRICE/UNIT

$741,667

CAP RATE

6.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% LEASED 6-UNIT W/ 4 YEARS PROVEN RETURNS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

LAR1

APN/PARCEL ID

5064-021-042

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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