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SOLD 7/22/2021

1824 Thurman Avenue, Los Angeles, CA 90019$2,700,000

13
beds
13
baths
5957
ft2
· 6201
ft2 lot
$453 / ft2

Listing provided courtesy of Listing Broker: Elizabeth Maddox, The 2-4 Unit Specialists
Source CRMLS;
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1818 and 1824 Thurman, two side-by-side 2021 construction properties that can be sold together or separately in an unbeatable location less than 10 minutes from Downtown Culver City. 1824 Thurman is a triplex made up of a massively impressive, standalone 5 bedroom, 5 bathroom single family residence, plus a 3-story townhome style duplex made of two 4 bedroom, 4 bathroom units. This property is FULLY RENTED with A+ tenants paying $5,795, $4,395 and $4,395. Enjoy in place, sky-high cash flow on day 1 of ownership! The neighboring new construction 6-unit, 1818 Thurman, is also for sale and boasts similarly amazing floorplans and finishes (buy just one of these deals or even better, both!). Both properties will be delivered FULLY STABILIZED at close of escrow. This easy to manage and fully occupied triplex will provide investors a real cap rate of 4.87%. In addition to the impressive return, buyers will enjoy other notable perks including: 2-car garages for each unit, 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: shared 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!

HOA

$—/month

On market

14 hours

Year built

2021

Property type

Multi-Family

Parking

7

MLS

BB21111424

Price / Sq.Ft.

$453 / ft2

Status

Closed

Home details for 1824 Thurman Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Dryer Included, Inside, Washer Included
•   
Appliances: Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
•   
Has Appliances
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet
Interior Features
•   
Interior Features: Balcony, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Central Air
Flooring
•   
Flooring: Laminate, Tile
Interior Size
•   
Building Area Total: 5957.00
Property, Lot, Community & Exterior Features
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Paved
•   
Number Of Buildings: 2
•   
Total Units: 3
Parking Info
•   
Garage Spaces: 6.00
•   
Uncovered Spaces: 1.00
Property Features
•   
View: Neighborhood
•   
Fencing: New Condition
•   
Property Condition: Turnkey
•   
Common Walls: 1 Common Wall, No One Above, No One Below
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAR1
•   
New Construction: 1
•   
Stories Total: 3
•   
Num Stories: Three Or More
•   
Year Built Source: Builder
Lot Info
•   
Lot Features: Landscaped, Level with Street, Level, Sprinklers Drip System
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1424
•   
Lot Size Area: 6201.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: Modern
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 3
•   
Number Of Separate Gas Meters: 3
•   
Number Of Separate Water Meters: 3
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 168019.00
•   
Water Sewer Expense: 0.00
•   
Maintenance Expense: 1200.00
•   
Cap Rate: 4.87
•   
Total Actual Rent: 14585.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 32403.00
•   
Insurance Expense: 2383.00
•   
Vacancy Allowance: 7001
•   
Total Expenses: 36586.00
•   
Gross Scheduled Income: 175020.00
•   
Tax Block: 2
•   
Operating Expense: 36586.00
•   
Gardener Expense: 600.00
•   
Gross Multiplier: 15.43
•   
Taxes Percent: 1.20
Tax/Assessment Info
•   
Gross Income: 14585.00
•   
Tax Year: 2020
•   
Taxes: 7612.0
Lease Info
•   
Net Operating Income: 131434.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 4
•   
Unit 3 Actual Rent: 4395.00
•   
Unit 3 Total Units: 1
•   
Has Attached Garage
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 2.00
•   
Unit 3 Bathrooms: 4
•   
Unit 3 Total Rent: 4395.00
Unit 2 Information
•   
Unit 2 Actual Rent: 4395.00
•   
Unit 2 Bedrooms: 4
•   
Unit 2 Total Units: 1
•   
Has Attached Garage
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 4
•   
Unit 2 Garage Spaces: 2.00
•   
Unit 2 Total Rent: 4395.00
Unit 1 Information
•   
Unit 1 Bedrooms: 5
•   
Unit 1 Total Units: 1
•   
Has Attached Garage
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 5
•   
Unit 1 Actual Rent: 5795.00
•   
Unit 1 Total Rent: 5795.00
Multi Unit Information
•   
Number With Refrigerator: 3
•   
# Of Units: 3
•   
Number With Dishwasher: 3
•   
Number Of Units Leased: 3
•   
Number With Disposal: 3
•   
Number With Range: 3
•   
Price Per Unit: 900000
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks, Street Lights
School Info
•   
Directions: Located on Thurman between Washington Blvd and Venice Blvd.

Neighborhood snapshot

71
Properties for sale
14
Median days on market
$576.41
Median sold price/sqft
100.01%
Sold/List %
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Property History for 1824 Thurman Avenue

07/22/2021
07/22/2021
CRMLS #BB21111424
active
CRMLS #BB21111424
$2,700,000
07/22/2021
07/22/2021
CRMLS #BB21111424
sold
CRMLS #BB21111424
$2,700,000
07/21/2021
07/21/2021
Public Record
sold
Public Record
$2,700,000
+235.40%
03/21/2019
03/21/2019
Public Record
sold
Public Record
$805,000
--6.29%
03/21/2019
03/21/2019
CRMLS #19430872
sold
CRMLS #19430872
$859,000
+319.02%
See more property history

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