1818 Thurman Ave, Culver City Adj.
100% LEASED 6-UNIT W/ 4 YEARS PROVEN RETURNS | 6.27% CAP!
Fully stabilized 2021 const. 6-unit delivering a strong 6.27% cap rate with four years of proven income. The property features six large 4B/4B residences with private entries, two car garage parking, in unit laundry, and separate utilities, keeping operating expenses low. Rents range from $4,795 to $5,900 across spacious modern layouts designed for roommate or family living.
Located minutes from Downtown Culver City’s tech and media corridor including Amazon Studios, Apple, HBO, and Sony, providing a deep tenant pool and consistent rental demand.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$4,450,000
6-Unit
Pre-Market
6
2021
6.27%
11.55
$367,200
10,178 sqft
10,782 sqft
$437.22
$741,667
6 x 4b/4b
No
12 Parking Spaces
No
Other Features:
Fully Leased, 4 Years of Proven Income
The 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
High cash flow: 8.25% pre-tax cash-on-cash return with 40% down and interest-only financing
Located near Downtown Culver City’s creative corridor and hotspots like Father’s Office, Etta, Margot, and the Platform District
Minutes to major employers — Amazon Studios, Apple, HBO — ensuring strong tenant demand and stability
One of the only newer construction assets in Mid City with four full years of stabilized operating history
The Neighborhood
<15-Minute Walk
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
<15-Minute Drive
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
<$15 Uber Ride
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
Contact
Cheyenne Womack
805.973.7470
Property Presented By:
