2202 Thurman Avenue, Los Angeles, CA 90016

2202 Thurman Ave is a FULLY LEASED NONRENT CONTROLLED 2024 fourplex with a REAL 544 cap rate These units have gotten massive demand from high quality tenants due to its 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 restaurantsmaking it a highly desirable investment With a stabilized gross income of 262800year this property offers strong cash flow and is ideal for 1031 exchange buyersThe larger of the 4bedroom units are leased at rates of 5600month and the two slightly smaller units are leased at 5400month and 5300month The property offers trilevel 4bedroom 4bathroom townhomes with massive balconies high ceilings and premium finishes The building spans 8202 sqft with an excellent price per square foot of 44806 8 parking spots are secured behind a gate adding to the propertys appealAdditional features include designer tiles modern appliances glossy cabinetry and natural wood waterproof vinyl flooring With droughttolerant landscaping a 1year builders warranty and separate meters for gas water and electricity this property offers minimal maintenance for the owner Dont miss this opportunity to own a highreturn property in one of LAs most desirable neighborhoods Contact us today to schedule a showing

Are you looking for an investment property? Wondering what a property like this might rent for in this market? Here is an estimate of what this property will rent for per month.

It is important to conduct thorough market research, property inspection, and evaluation of potential expenses and risks before investing in any property. Real estate investments carry inherent risks, and it is essential to consult with professionals such as real estate agents, property managers, and financial advisors to make informed decisions. This estimate is a starting point in determining the monthly rental price for a specific property. Rental restrictions may apply for this home. It is the buyer's obligation to verify rental availability and details.

The rental real estate market outlook for 90016 is projected to be promising in the coming years. Located in the heart of Los Angeles, 90016 is an attractive area for renters due to its proximity to the city's major amenities and job opportunities. With the city's continuous growth and demand for housing, rental prices in 90016 will likely remain steady or experience an upward trend. Additionally, the ongoing development and revitalization efforts in the surrounding neighborhoods will further drive demand for rental properties in the area. Landlords can expect a stable occupancy rate and steady rental income, making 90016 an ideal market for investing in rental real estate.

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