Seller's Agent in 2021
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
20 in this area
109 Total Sales
1824 Thurman Ave Los Angeles, CA 90019
Mid-City NeighborhoodEstimated Value: $2,745,000 - $3,144,000
13
Beds
13
Baths
5,957
Sq Ft
$483/Sq Ft
Est. Value
Highlights
- New Construction
- Open Floorplan
- Modern Architecture
- No Units Above
- Main Floor Bedroom
- High Ceiling
About This Home
As of July 20211818 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!
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 07/22/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $34,425
Year Built
- Built in 2021 | New Construction
Lot Details
- 6,201 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Fenced
- New Fence
- Drip System Landscaping
- Level Lot
Parking
- 1 Open Parking Space
- 6 Car Garage
Home Design
- Modern Architecture
- Property Attached
- Turnkey
Interior Spaces
- 5,957 Sq Ft Home
- 3-Story Property
- Open Floorplan
- High Ceiling
- Recessed Lighting
- Living Room
- Neighborhood Views
Kitchen
- Gas Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 13 Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- 13 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Living Room Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 38 / 2
- Tax Tract Number 6460
- Assessor Parcel Number 5064021040
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Gardener Expense $600
- Insurance Expense $2,383
- Maintenance Expense $1,200
- New Taxes Expense $32,403
- Operating Expense $36,586
- Gross Income $14,585
- Net Operating Income $131,434
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 4, 2019
Closed on
Feb 13, 2019
Sold by
Grijalva Elvira and Grijalva Daniel Lucio
Bought by
Harvard Expert Llc
Seller's Agent
Linda Light
Coldwell Banker Realty
Buyer's Agent
Isaac Davidi
The Davidi Company
List Price
$859,000
Sold Price
$805,000
Premium/Discount to List
-$54,000
-6.29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,075,118
Avg. Annual Appreciation
21.31%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Harvard Expert Llc | $805,000 | Provident Title Company |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/22/2021 07/22/21 | Sold | $2,700,000 | 0.0% | $453 / Sq Ft | |
| 07/22/2021 07/22/21 | For Sale | $2,700,000 | +235.4% | $453 / Sq Ft | |
| 03/21/2019 03/21/19 | Sold | $805,000 | -6.3% | $676 / Sq Ft | View Prior Sale |
| 02/10/2019 02/10/19 | Pending | -- | -- | -- | |
| 02/04/2019 02/04/19 | For Sale | $859,000 | -- | $722 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $34,425 | $2,865,261 | $1,485,691 | $1,379,570 |
| 2024 | $34,425 | $2,809,080 | $1,456,560 | $1,352,520 |
| 2023 | $33,760 | $2,754,000 | $1,428,000 | $1,326,000 |
| 2022 | $32,192 | $2,700,000 | $1,400,000 | $1,300,000 |
| 2021 | $25,832 | $2,140,655 | $829,606 | $1,311,049 |
| 2020 | $7,612 | $821,100 | $656,880 | $164,220 |
| 2019 | $5,742 | $324,945 | $286,124 | $38,821 |
| 2018 | $3,932 | $318,574 | $280,514 | $38,060 |
| 2016 | $3,753 | $306,205 | $269,622 | $36,583 |
| 2015 | $3,699 | $301,607 | $265,573 | $36,034 |
| 2014 | $3,719 | $295,700 | $260,371 | $35,329 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
NoEmail NoEmail
N
Buyer's Agent in 2021
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,993 Total Sales
-
Linda Light
Seller's Agent in 2019
Linda Light
Coldwell Banker Realty
(310) 963-7010
5 in this area
34 Total Sales
-
Isaac Davidi
Buyer's Agent in 2019
Isaac Davidi
The Davidi Company
(310) 997-0311
3 in this area
47 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB21111424
APN: 5064-021-040
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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