$4,450,000
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.
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Listed by Lauren Cearley with Myunits.com Inc. (844) 698-6487
Property Type
Apartment
Status
Active
MLS Number
BB26055829
Year Built
2021
Lot Size
10,781 sq ft