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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$4,450,000

Est. payment - /mo

10,781 Sqft Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26055829

HOA Y/N No

Year Built 2021

Annual Tax Amount $52,839

Lot Size 10,781 Sqft

Property Sub-Type Apartment

Property Description

1818 Thurman Ave is 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dryer, Washer

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Garage Spaces 12.0

Garage Description 12.0

Pool None

Community Features Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Total Parking Spaces 12

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5064021042

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Lauren Cearley Myunits.com Inc. 213-302-8662, DRE #02146823

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1818 Thurman Los Angeles, CA 90019