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2228 Thurman Ave, Los Angeles, CA 90016
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2228 Thurman Ave Los Angeles, CA 90016

$2,400,000 Sold Price as of 05/20/2022
  • 16 Beds
  • 8 Baths
  • 7,108 Sq.Ft.
Sold
$2,400,000 Sold Price as of 05/20/2022 Refinance Your Mortgage
Map preview of 2228 Thurman Ave, Los Angeles, CA 90016

Property Overview: 2228 Thurman Ave Los Angeles, CA has 16 bedrooms, 8 bathrooms, 7,108 living square feet and 13,646 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The location for this investment is A+. It is blocks away from Culver City with restaurants, studios and tech companies (Apple, Google etc). The 8 unit property has been owned by same family for over 40 years and has been professionally managed for a decade. All units are 2BR/1BA, and two of the units will be delivered vacant and in rent-ready condition. There is carport parking for 8 plus additional space for more parking or adding ADU's (check with city ). There is 50% upside in the rents and all remaining tenants are current in rent.

Listed by Keith Moret | BRE #01802527 | Keller Williams Beach Cities
Last checked: 3 minutes ago | Last updated: May 20th, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
13,646
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22141865
City
Los Angeles
County
Los Angeles
Time on Site
780 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,337
  • Total Rent: $1,337
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,442
  • Total Rent: $1,442
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,442
  • Total Rent: $1,442
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,224
  • Total Rent: $1,224
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.38
  • Gross Scheduled Income: --
  • Net Operating Income: $85,449
  • Gross Operating Income: $145,293
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 2228 Thurman Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
  • Disposal, Gas Cooktop
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5064023019
Location / Neighborhood
Location Information
  • Directions: North of Washington, East of Fairfax
View more facts & features

Local Los Angeles Agent

Sale History for 2228 Thurman Ave

Last sold for $2,400,000 on May 20th, 2022

  • May, 2022

  • May 20, 2022

    Date

    Sold

    CRMLS: 22141865

    $2,400,000

    Price

  • Mar 21, 2022

    Date

    Active

    CRMLS: 22141865

    $2,200,000

    Price

Tax History for 2228 Thurman Ave

Assessed Value (2020): $1,221,928
Year Land Value Improved Value Assessed Value
2020 $854,120 $367,808 $1,221,928

Home Value Compared to the Market

This property vs the competition

2228 Thurman Ave sold on May 20, 2022 for 84.87% 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 $309.51 per/sqft which puts the price per square foot 59.01% lower than the current median sale per square foot for the city of Los Angeles.

About 2228 Thurman Ave

Detailed summary of property

2228 Thurman Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 7,108 living square feet, and sits on an approximately 13,646 square foot lot. 2228 Thurman Ave was first listed on ArdentRealEstateGroup.com on March 31, 2022. The homeowner sold the property for $2,400,000. 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 84.87% higher than the current median priced home. Local homes that are currently for sale include 1074 S Genesee Ave, 1424 Meadowbrook Ave and 1852 S La Brea Ave. While the average home in Los Angeles, CA is selling in 92 days, 2228 Thurman Ave has a days on market of 22 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2228 Thurman Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2228 Thurman Ave

Public county record property details
Beds
16
Baths
8
Year built
--
Sq. Ft.
7,108
Lot Size
13,646
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
40,41
APN
5064-023-019

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,060,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
76
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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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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