

100% LEASED 6-UNIT W/ 4 YEARS PROVEN RETURNS | 6.27% CAP!
Multifamily | 6 Units | $741,667/unit
Marketing description
The 5+ Unit Specialists are pleased to present 1818 Thurman Ave, a fully stabilized 2021-built six-unit delivering a real 6.27% cap rate and four full years of proven income. In a market flooded with new builds still chasing tenants, this one’s already performing.
Each of the six residences are large 4 bed, 4 bath units with private entry, in unit laundry, separate utilities, and 2 car private garage parking. Two of the units also benefit from three additional outdoor parking spaces, bringing their total parking to five spaces, allowing for even higher rents. Current rents range from $4,795 to $5,900, making this a plug and play investment for 1031 buyers seeking strong day one income. Built for longevity, the property features drought tolerant landscaping and a builder’s warranty, helping keep expenses low and operations smooth.
Just minutes from Downtown Culver City’s creative corridor and hot spots like Father’s Office, Etta, and Margot, the location attracts long term professionals working at Amazon Studios, Apple, HBO, Sony & more. With almost no stabilized new construction available and demand at an all-time high, 1818 Thurman is that rare, proven performer every investor wants but few can actually find.
Investment highlights
Property 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
Listing Contacts


Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?























































