1818 Thurman Avenue
Closed 9/3/21
Closed 9/3/21
Description
1818 Thurman features three tri-level “double-duplexes”, making for a total of six beautifully designed 4 bedroom, 4 bathroom units. This easy to manage 6-unit will provide investors a real cap rate of 4.79%. In addition to the impressive return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. This one-of-a-kind property is located just minutes away from Downtown Culver City, which has attracted superior tenants. Other notable features include: tons of yard area/outdoor space with turf, large balconies for each home, high ceilings, thoughtfully designed, spacious floorplans, stainless steel appliances, manicured landscaping, washer/dryers in each unit, chic bathrooms, immaculate kitchens, and private 2 car garages for every unit!
- Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • The 2-4 Unit Specialists
- Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property
Property Details for 1818 Thurman Avenue
Property Details for 1818 Thurman Avenue
| Status | Closed |
|---|---|
| MLS # | BB21112172 |
| Days on Market | 1 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2021 |
| Lot Size | 0.25 AC / 10,782 SF |
| County | Los Angeles County |
Building Information for 1818 Thurman Avenue
Property Information for 1818 Thurman Avenue
- Tenant Pays: All Utilities
- Gross Income: $26,370
- Gross Scheduled Income: $316,440
- Vacancy Allowance: 12658
- Gross Operating Income: $303,782
- Net Operating Income: $229,993
- Gross Multiplier: 15.17
- Cap Rate: 4.79
- Financing: Cash To New Loan
- Operating Expense: $73,789
- New Taxes Expense: $57,605
- Gardener Expense: $600
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $4,071
- Maintenance Expense: $2,400
- Professional Management Expense: $9,113
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $73,789
- Tax Block: 2
- Tax Tract Number: 6460
- Tax Census Tract: 2703.00
- Taxes Percent: 1.20%
- Tax Lot: 39
- Community Features: Curbs, Sidewalks, Street Lights
- Appliances: Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
- Equipment: Dishwasher, Dryer, Freezer, Inside, Microwave, Refrigerator, Washer
- Interior Features: Balcony, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting
- Room Type: Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet
- Bedroom Features: Main Floor Bedroom, Master Bedroom, WalkInCloset
- Laundry: Yes
- Laundry Features: Dryer Included, Inside, Washer Included
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating: Central
- Flooring: Laminate, Tile
- Fence: Yes
- Fencing: New Condition
- Property Condition: Turnkey
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Landscaped, Level with Street, Level, Sprinklers Drip System
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Topography: Level
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: Three Or More
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 12
- Parking Garage Spaces: 12
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,395
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 4395
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,395
- Unit Type Total Rent: $4,395
- Unit Type Pro Forma: 4395
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,395
- Unit Type Total Rent: $4,395
- Unit Type Pro Forma: 4395
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,395
- Unit Type Total Rent: $4,395
- Unit Type Pro Forma: 4395
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,395
- Unit Type Total Rent: $4,395
- Unit Type Pro Forma: 4395
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,395
- Unit Type Total Rent: $4,395
- Unit Type Pro Forma: 4395
- Unit Type Type: 6
- Number Of Units Leased: 6
- Rent Controlled: No
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 6
- Number With Dishwasher: 6
- Number With Range: 6
- Number With Refrigerator: 6
- Number With Disposal: 6
Property History for 1818 Thurman Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1818 Thurman Avenue
Schools near 1818 Thurman Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Charter - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Saturn Street Elementary School PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
Alexander Hamilton Senior High School Public9 to 12 | ||
New Los Angeles Charter School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425; On Track Property, Isaac Davidi, DRE #01819489
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.