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1818 Thurman Ave, Los Angeles, CA 90019
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1818 Thurman Ave Los Angeles, CA 90019

$4,800,000 Sold Price as of 09/03/2021
  • 24 Beds
  • 24 Baths
  • 10,178 Sq.Ft.
Sold
$4,800,000 Sold Price as of 09/03/2021 Refinance Your Mortgage
Map preview of 1818 Thurman Ave, Los Angeles, CA 90019

Property Overview: 1818 Thurman Ave Los Angeles, CA has 24 bedrooms, 24 bathrooms, 10,178 living square feet and 10,782 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1818 Thurman is a fully stabilized, pride-of-ownership 2021 construction 6-unit property located in prime Mid-City. We personally handled the leasing of this property and can attest to the fact that these units were the “belle of the ball” in Mid-City, quickly achieving $4,395 per unit. We concurrently handled the sale and lease up of the matching triplex located next door at 1824 Thurman, which just closed at $2,700,000 ($900,000 per unit). Enjoy a discount on 1818 Thurman, at only $800,000 per unit. 1818 Thurman features three tri-level “double-duplexes”, making for a total of six beautifully designed 4 bedroom, 4 bathroom units. This easy to manage 6-unit will provide investors a real cap rate of 4.79%. In addition to the impressive return, buyers will enjoy other notable perks including: 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: tons of yard area/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!

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Isaac Davidi | BRE #01819489 | On Track Property
Last checked: 50 seconds ago | Last updated: May 5th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
10,782
HOA Dues
$0/mo
Year built
2021
Garage
12 Car
Property Type:
Multi Family
Status
Sold
MLS#
BB21112172
City
Los Angeles
County
Los Angeles
Time on Site
1024 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,395
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,395
  • Total Rent: $4,395
  • Pro Forma/Market Rent: $4,395
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,395
  • Total Rent: $4,395
  • Pro Forma/Market Rent: $4,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,395
  • Total Rent: $4,395
  • Pro Forma/Market Rent: $4,395
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,395
  • Total Rent: $4,395
  • Pro Forma/Market Rent: $4,395
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,395
  • Total Rent: $4,395
  • Pro Forma/Market Rent: $4,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.79%
  • Gross Rent Multiplier: 15.17
  • Gross Scheduled Income: $316,440
  • Net Operating Income: $229,993
  • Gross Operating Income: $303,782
  • Vacancy Allowance: $12,658
Annual Expense Breakdown
  • Total Operating Expense: $73,789
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $57,605
  • Trash: $0
  • Gardener: $600
  • Insurance: $4,071
  • Maintenance: $2,400
  • Professional Management: $9,113
  • Water/Sewer: $0

Property Details for 1818 Thurman Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
Interior Features
  • Balcony, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Has Fence
  • New Condition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: Landscaped, Level with Street, Level, Sprinklers Drip System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 6
  • Parcel Number: 5064021042
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located on Thurman between Venice Blvd and Washington Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1818 Thurman Ave

Last leased for $4,800 on December 19th, 2022

  • May, 2024

  • May 4, 2024

    Date

    Hold

    CRMLS: 24373291

    $5,400

    Price

  • Mar 26, 2024

    Date

    Active

    CRMLS: 24373291

    $5,400

    Price

  • Listing provided courtesy of CRMLS

    Four-bedroom, Four-Bath Townhome with Four Parking Spaces!!! The best deal in Mid-City is available for four roommates looking to save on rent and live in a newly built, modern, centrally located, 3-level townhome with beautiful landscaping and modern appliances. This townhome has enormous, unfurnished units with spacious, open floor plan. This 3-floor unit features hardwood floors, central AC, plenty of natural light, a washer and dryer, a large modern kitchen equipped with new stainless-steel appliances, private balconies, and a private, easy-to-park side-by-side two-car garage, which some tenants turn into a game and hangout room because there is plenty of street parking. Presented photo concepts of the two-car parking garage depict how you can turn a garage into a hangout space with a pool table, TV, and more if you decide to turn your parking space into a living space, just like some other tenants did! Experience the charm of living in Mid City! The townhome is located just minutes away from the Arts District, 4 miles from Beverly Hills, Culver City Steps, and Ivy Station (home to Amazon, Sony, and HBO!), and conveniently close to USC, Exposition Park Museums, and the Staples Center. Commuting to downtown LA and many other parts of LA, the beach is a breeze with easy access to the ten freeway. Less than 0.5 mile to Adams and Jefferson Boulevards filled with restaurants and cafes like Centro Pasta Bar, Mian, Johnny's Pastrami, Tartine Bakery, Highly Likely, Vicky's All Day, Alta and only few minutes from other amazing restaurants, bars, cafes and grocery stores like Father's Office, Pasta Sisters, Destroyer, Blue Bottle Coffee, Mandrake, Honey Kettle, CAVA, Loqui, Bondi Harvest, The Culver Hotel, Whole Foods, Trader Joes, Co-op Market and many more.Don't want to drive to work no problem! It's very close to the Metro E-Line station, which takes you from Downtown LA to Santa Monica. If you are driving, you can hop in two minutes to the 10 Freeway! This is the best location if you are looking to be centrally located in Los Angeles with easy access and spend less time in traffic. It's just seven minutes from Downtown Culver City and the Culver City Arts District.You get two garaged parking spots below your unit and two outside parking spots beside your unit. Tenants pay for all utilities, and with $1,350 rent per roommate, if you have four roommates, you can live in style, park in comfort, and save on rent!Check out the virtual tour available on this listing, and if you like it, we look forward to meeting you in person for an in-person tour.

  • December, 2022

  • Dec 19, 2022

    Date

    Leased

    CRMLS: BB22224205

    $4,800

    Price

  • Oct 17, 2022

    Date

    Active

    CRMLS: BB22224205

    $4,795

    Price

  • Listing provided courtesy of CRMLS

    Just 1 year old 4 bedroom townhome! Private 2-car garage! Every bedroom has it's own bathroom! Groups of four roommates can live affordably in these modern, townhouse style apartment homes where each member of the group has its own bedroom and bathroom for less than $1,200 per person plus utilities! You have to see it to believe it! Absolutely stunning Modern Home in the most upcoming pocket of Mid City/West Adams. 1818 Thurman is situation on a quiet residential street in between Venice Blvd and Washington Blvd, which goes straight into Downtown Culver City. Live less than 10 minutes ($10 Uber Ride) from trendy Downtown Culver City + the Culver City Arts District! You’re MINUTES from the hippest restaurants + bars in town, like Father’s Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, Honey Kettle, CAVA, Bondi Harvest, The Culver Hotel + way way more! This is the PERFECT in-between for anyone commuting to opposite ends of LA. Other perks this home has to offer besides the amazing location, privacy + only being 1 year old: Private 2 car garage Bathrooms for every bedroom, no sharing Amazing closet space with walk in closets, double closets in some rooms and built-in shelving 1 year old washer/dryer and stainless-steel kitchen appliances High quality kitchen features such as stainless-steel farmhouse sink and soft closing drawers and cabinets Balconies off living room and master bedroom Premium Custom Kitchen Cabinets Designer Tile + Fixtures Bathroom Vanities Central Air Conditioning + Heating Keyless Entry Brand new beautiful landscaping with ficus trees for privacy Outdoor space

  • September, 2021

  • Sep 3, 2021

    Date

    Sold

    CRMLS: BB21112172

    $4,800,000

    Price

  • Aug 3, 2021

    Date

    Pending

    CRMLS: BB21112172

    $4,800,000

    Price

  • Jul 27, 2021

    Date

    Active

    CRMLS: BB21112172

    $4,800,000

    Price

  • May, 2021

  • May 12, 2021

    Date

    Leased

    CRMLS: BB21029338

    $4,395

    Price

  • Feb 12, 2021

    Date

    Active

    CRMLS: BB21029338

    $4,395

    Price

  • Listing provided courtesy of CRMLS

    Never-been-lived-in BRAND NEW CONSTRUCTION 4b/4b townhome! Private 2-car garage! Outdoor space with turf! Every bedroom has it's own bathroom! You have to see it to believe it! Absolutely stunning Modern Home in the most upcoming pocket of Mid City/West Adams. 1818 Thurman is situation on a quiet residential street in between Venice Blvd and Washington Blvd, which goes straight into Downtown Culver City. Live less than 10 minutes ($10 Uber Ride) from trendy Downtown Culver City + the Culver City Arts District! You’re MINUTES from the hippest restaurants + bars in town, like Father’s Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, Honey Kettle, CAVA, Bondi Harvest, The Culver Hotel + way way more! This is the PERFECT in-between for anyone commuting to opposite ends of LA. Other perks this home has to offer besides the amazing location, privacy + being completely brand new include: • Attached private 2 car garage • Outdoor space filled with turf and brick, perfect for pets or outdoor dining • Bathrooms for every bedroom, no sharing • Amazing closet space with walk in closets, double closets in some rooms and built-in shelving • Brand new washer/dryer and stainless-steel kitchen appliances • High quality kitchen features such as stainless-steel farmhouse sink and soft closing drawers and cabinets • Balcony off master bedroom • Premium Custom Kitchen Cabinets • Designer Tile + Fixtures • Bathroom Vanities • Central Air Conditioning + Heating

  • March, 2019

  • Mar 28, 2019

    Date

    Sold

    CRMLS: 18375632

    $1,100,000

    Price

  • Dec 27, 2018

    Date

    Pending

    CRMLS: 18375632

    $1,300,000

    Price

  • Nov 29, 2018

    Date

    Active

    CRMLS: 18375632

    $1,300,000

    Price

  • Aug 28, 2018

    Date

    Pending

    CRMLS: 18375632

    $1,300,000

    Price

  • Aug 15, 2018

    Date

    Active

    CRMLS: 18375632

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Developers and Investors delight! Come take a look at this 10,782sqft Lot property! ZIMAS claims it as an RD2 LOT! Possibly able to build up to five units. Property is a Spanish style house with 3 bedrooms and 2 bathrooms. The Kitchen has with granite counter tops and a Breakfast Bar. Also has a Laundry area. Features a Den in the back with a fireplace and a storage closet that is currently being used as a office space. There is a closed patio with a big backyard, an above ground hot tub. A lot space for family gatherings! Come take a look at this property TODAY! Buyers to verify square footage, info and zoning of the property.

  • January, 2019

  • Jan 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • July, 2015

  • Jul 28, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1818 Thurman Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,122,000 -- --

Home Value Compared to the Market

This property vs the competition

1818 Thurman Ave sold on September 3, 2021 for 303.36% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $471.61 per/sqft which puts the price per square foot 37.54% lower than the current median sale per square foot for the city of Los Angeles.

About 1818 Thurman Ave

Detailed summary of property

1818 Thurman Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 24 bedrooms, 24 bathrooms, roughly 10,178 living square feet, and sits on an approximately 10,782 square foot lot. 1818 Thurman Ave was first listed on ArdentRealEstateGroup.com on July 27, 2021. The homeowner sold the property for $4,800,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 303.36% higher than the current median priced home. Local homes that are currently for sale include 9025 W 3rd St, 955 N Croft Ave and 1005 N Croft Ave. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1818 Thurman Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1818 Thurman Ave

Public county record property details
Beds
3
Baths
2
Year built
1925
Sq. Ft.
1,701
Lot Size
10,781
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
5064-021-042

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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