75% Leased Luxury Fourplex | 2200 Thurman Ave
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75% Leased Luxury Fourplex 2200 Thurman Ave
4 Unit Block of Flats £2,939,077 (£734,769/Unit) 5.46% Net Initial Yield 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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£209,991
|
£31.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£8,400
|
£1.27
|
| Effective Gross Income |
£201,591
|
£30.36
|
| Taxes |
£35,251
|
£5.31
|
| Operating Expenses |
£5,873
|
£0.88
|
| Total Expenses |
£41,125
|
£6.19
|
| Net Operating Income |
£160,466
|
£24.17
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £209,991 |
| Annual Per SF | £31.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £8,400 |
| Annual Per SF | £1.27 |
| Effective Gross Income | |
|---|---|
| Annual | £201,591 |
| Annual Per SF | £30.36 |
| Taxes | |
|---|---|
| Annual | £35,251 |
| Annual Per SF | £5.31 |
| Operating Expenses | |
|---|---|
| Annual | £5,873 |
| Annual Per SF | £0.88 |
| Total Expenses | |
|---|---|
| Annual | £41,125 |
| Annual Per SF | £6.19 |
| Net Operating Income | |
|---|---|
| Annual | £160,466 |
| Annual Per SF | £24.17 |
Property Facts
| Price | £2,939,077 | Apartment Style | Low Rise |
| Price Per Unit | £734,769 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Net Initial Yield | 5.46% | Building Size | 6,640 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 50% |
| No. Units | 4 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Price | £2,939,077 |
| Price Per Unit | £734,769 |
| Sale Type | Investment |
| Net Initial Yield | 5.46% |
| Gross Rent Multiplier | 14 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 6,640 SF |
| Average Occupancy | 50% |
| Number of Floors | 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 | £4,454 | 2,071 - 2,238 |
| 4+4 | 2 | £4,295 | 1,924 - 1,969 |
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zoning
| Zoning Code | LARD1.5 |
| LARD1.5 |
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75% Leased Luxury Fourplex | 2200 Thurman Ave
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