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31562652
31562681

1818 Thurman Ave., Los Angeles, CA 90019

EM
CA 01921425
Myunits.com
Listed by Myunits.com
$4,450,000
99 days on market
Updated 73 days ago

100% LEASED 6-UNIT W/ 4 YEARS PROVEN RETURNS | 6.27% CAP!

Details
APN 5064-021-042
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,178
Net Rentable (SqFt) 10,178
Units 6
Cap Rate 6.27%
NOI $279,024
Occupancy 100%
Price per SqFt $437
Broker Co-Op Yes
Class A
Year Built 2021
Buildings 3
Stories 3
Lot Size (SqFt) 10,782
Zoning LAR1
Investment Type Stabilized
Ground Lease No

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

EM
CA 01921425
Myunits.com
Listed by Myunits.com

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$279,024.00
$23,252.00/mo

Valuation Metrics

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DSCR
6.27%
Cap Rate
6.27%
ROI

Map

Zoning

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RD2-1 ResidentialMulti FamilyRestricted Density Multiple Dwelling
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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