2202 Thurman Ave Los Angeles, CA 90016
Mid-City NeighborhoodEstimated payment $23,658/month
Total Views
2,195
16
Beds
16
Baths
8,202
Sq Ft
$448
Price per Sq Ft
Highlights
- City Lights View
- Modern Architecture
- Recessed Lighting
- Open Floorplan
- Double Pane Windows
- 4-minute walk to Genesee Avenue Park
About This Home
2202 Thurman Ave is a FULLY LEASED, NON-RENT CONTROLLED 2024 fourplex with a REAL 5.44% cap rate. These units have gotten massive demand from high quality tenants due to it's stand out design and unbeatable floorplans. Located next to the trendy Culver City Arts District, this property is just minutes from the trendies shops, galleries, and restaurants—making it a highly desirable investment. With a stabilized gross income of $262,800/year, this property offers strong cash flow and is ideal for 1031 exchange buyers.
The larger of the 4-bedroom units are leased at rates of: $5,600/month and the two slightly smaller units are leased at $5,400/month and $5,300/month. The property offers tri-level 4-bedroom, 4-bathroom townhomes, with massive balconies, high ceilings, and premium finishes. The building spans 8,202 sqft, with an excellent price per square foot of $448.06. 8 parking spots are secured behind a gate, adding to the property’s appeal.
Additional features include designer tiles, modern appliances, glossy cabinetry, and natural wood waterproof vinyl flooring. With drought-tolerant landscaping, a 1-year builder’s warranty, and separate meters for gas, water, and electricity, this property offers minimal maintenance for the owner. Don’t miss this opportunity to own a high-return property in one of LA’s most desirable neighborhoods. Contact us today to schedule a showing!
Listing Agent
Myunits.com Inc. Brokerage Phone: 805-973-7470 License #02064825 Listed on: 05/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $44,078
Year Built
- Built in 2024
Lot Details
- 7,010 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- 2 Car Garage
- 6 Open Parking Spaces
- Parking Available
Property Views
- City Lights
- Neighborhood
Home Design
- Quadruplex
- Modern Architecture
- Turnkey
Interior Spaces
- 8,202 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Recessed Lighting
- Double Pane Windows
Kitchen
- Electric Oven
- Gas Range
- Microwave
- Dishwasher
- Instant Hot Water
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Standard Electricity
Listing and Financial Details
- Tax Lot 47
- Tax Tract Number 270
- Assessor Parcel Number 5064022016
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $600
- Gardener Expense $1,200
- Insurance Expense $4,921
- Maintenance Expense $1,600
- New Taxes Expense $44,078
- Operating Expense $52,399
- Gross Income $262,800
- Net Operating Income $199,889
Map
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Home Values in the Area
Average Home Value in this Area
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 | $14,934 | $1,252,225 | $1,252,225 | -- |
| 2024 | $14,934 | $1,227,672 | $1,227,672 | -- |
| 2023 | $14,645 | $1,203,600 | $1,203,600 | $0 |
| 2022 | $14,064 | $1,180,000 | $944,000 | $236,000 |
| 2021 | $9,873 | $814,762 | $651,811 | $162,951 |
| 2020 | $9,974 | $806,409 | $645,128 | $161,281 |
| 2019 | $9,580 | $790,598 | $632,479 | $158,119 |
| 2018 | $9,490 | $775,097 | $620,078 | $155,019 |
| 2016 | $9,079 | $745,000 | $596,000 | $149,000 |
| 2015 | $5,269 | $425,331 | $305,994 | $119,337 |
| 2014 | $5,282 | $415,879 | $301,362 | $114,517 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | For Sale | $3,675,000 | 0.0% | $448 / Sq Ft |
| 04/09/2025 04/09/25 | Rented | $5,300 | +14.3% | -- |
| 03/31/2025 03/31/25 | Price Changed | $4,637 | -4.5% | $2 / Sq Ft |
| 02/24/2025 02/24/25 | Price Changed | $4,858 | -1.9% | $2 / Sq Ft |
| 02/04/2025 02/04/25 | Price Changed | $4,950 | -8.3% | $2 / Sq Ft |
| 01/21/2025 01/21/25 | Price Changed | $5,399 | +9.1% | $2 / Sq Ft |
| 01/14/2025 01/14/25 | For Rent | $4,950 | 0.0% | -- |
| 01/13/2025 01/13/25 | Off Market | $4,950 | -- | -- |
| 10/23/2024 10/23/24 | Price Changed | $4,950 | -8.3% | $2 / Sq Ft |
| 10/21/2024 10/21/24 | For Rent | $5,399 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,180,000 | Equity Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $745,000 | Lawyers Title Vn | |
| Grant Deed | $417,000 | Lsi Title Company | |
| Quit Claim Deed | -- | None Available | |
| Trustee Deed | $372,476 | None Available | |
| Interfamily Deed Transfer | -- | Landsafe Title | |
| Gift Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,040,000 | Construction | |
| Previous Owner | $765,000 | New Conventional | |
| Previous Owner | $340,000 | Unknown | |
| Previous Owner | $321,000 | Unknown | |
| Previous Owner | $296,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $250,000 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $107,500 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB25104326
APN: 5064-022-016
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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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