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2200 Thurman Ave, Mid-City

75% Leased Luxury Fourplex

75% LEASED ultra-high-end 2024 Mid-City fourplex, featuring ALL 4 bedroom townhome-style units with top-tier finishes, spacious walk-in closets, modern sleek designs, and in-unit washers and dryers. The property’s prime location is just minutes from trendy shops, eateries, and conveniences along W Adams Blvd. With its standout design and exceptional amenities, the property has generated massive demand from high-quality tenants seeking modern, upscale living.

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:

$3,695,000

Fourplex

For Sale

4

2024

5.43%

14.00

$264,000/Year

8,202 sqft

7,010 sqft

$450.50

$923,750

4x 4b/4b

No

2 Garage Spaces, 6 Exterior Spots

No

Other Features:

Huge Balconies, ALL 4 Bedroom Units

The Highlights

  • 75% LEASED!

  • Major tenant demand due to the stand out design and floorplans

  • Located in Prime Mid-City!

  • Ideal unit mix of ALL 4 bedrooms units!

  • Can be delivered fully rented!

  • Outstanding projected cap rate of 5.43%! Cash cow.

  • MASSIVE units (8,202 livable square feet) with premium floorplans.

  • Multi-dimensional, architecturally impressive exterior. The best curb appeal you'll find on a new construction fourplex!

  • Boasts ultra-high-end finishes and top-tier construction. This is not your typical fourplex!

  • All units separately metered for gas, electric AND water! Very low expenses!

  • Dream 1031 exchange opportunity. Ready to close soon!

  • With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.

  • Moments from countless exciting mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (brand new Whole Foods), the Culver Steps (Amazon Studios), and Platform!

The Neighborhood

<15-Minute Walk

Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria

<15-Minute Drive

Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen

<$15 Uber Ride

Downtown Culver City, Ivy Station, The Culver Steps, Trader Joes, Equinox, Amazon Studios, The Culver Hotel, Sony Pictures, Midtown Shopping Center, The Grove, LACMA, The Farmer’s Market, El Rey Theatre, Pasta Sisters,The Mint, Akasha, Public School, The Mandrake

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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