75% Leased Luxury Fourplex | 2200 Thurman Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
75% Leased Luxury Fourplex 2200 Thurman Ave
4 Unit Apartment Building $5,311,082 CAD ($1,327,770 CAD/Unit) 5.46% Cap Rate Los Angeles, CA 90016
Investment Highlights
- 75% LEASED NOW
- Ideal unit mix of ALL 4 bedrooms units!
- Outstanding projected cap rate of 5.90%! Cash cow.
- Located in Prime Mid-City!
- Can be delivered rented!
- MASSIVE units (6.640 livable square feet) with premium floorplans.
Executive Summary
75% LEASED Stunning 2024 luxury Mid-City fourplex made up of ALL 4 bedroom townhome-style units with top-tier finishes, spacious walk-in closets, modern sleek finishes and in-unit washers and dryers. The property’s prime location is just minutes walking to countless trendy shops, eateries, and convinces on W Adams Blvd. With an unheard of projected 5.90% cap rate, this is an excellent investment opportunity. Don’t miss your chance—contact us before it hits the market!
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$379,466
|
$57.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$15,179
|
$2.29
|
| Effective Gross Income |
$364,287
|
$54.86
|
| Taxes |
$63,701
|
$9.59
|
| Operating Expenses |
$10,614
|
$1.60
|
| Total Expenses |
$74,315
|
$11.19
|
| Net Operating Income |
$289,972
|
$43.67
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $379,466 |
| Annual Per SF | $57.15 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $15,179 |
| Annual Per SF | $2.29 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $364,287 |
| Annual Per SF | $54.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $63,701 |
| Annual Per SF | $9.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,614 |
| Annual Per SF | $1.60 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $74,315 |
| Annual Per SF | $11.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $289,972 |
| Annual Per SF | $43.67 |
Property Facts
| Price | $5,311,082 CAD | Apartment Style | Low Rise |
| Price Per Unit | $1,327,770 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.46% | Building Size | 6,640 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Price | $5,311,082 CAD |
| Price Per Unit | $1,327,770 CAD |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| Gross Rent Multiplier | 14 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 6,640 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.2/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 2 | $8,049 CAD | 2,071 - 2,238 |
| 4+4 | 2 | $7,762 CAD | 1,924 - 1,969 |
1 of 1
zoning
| Zoning Code | LARD1.5 |
| LARD1.5 |
1 of 34
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
75% Leased Luxury Fourplex | 2200 Thurman Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.