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1818 Thurman Ave
Los Angeles, CA 90019 Mid-City

$4,450,000 USD

Apartments For Sale • 10,178 SF

Property Details

Property Type Apartments
Total Building Size 10,178 SF
Lot Size 0.25 AC
Building Class B
Year Built 2021
Cap Rate 6.27 %
Zoning LAR1

59 Transit Score

67 Walk Score

                
                    Highlights
                
                                Fully stabilized 2021 six-unit delivering a TRUE 6.27% cap rate and 11.55 GRM
                            
                                100% occupied with tenants in place since original 2021 lease-up — proven income, low loss-to-lease
                            
                                All 4-bedroom, 4-bath units averaging 1,696 SF with two-car garages, private entries, and in-unit laundry
                            
                                $32,095 monthly income ($385,140 annual) with strong tenant retention and no rent control exposure
                            
                                Low expenses: only $90,711 annually— efficient and easy to operate
                            
                                Turnkey investment: drought-tolerant landscaping, separate utilities, and builder’s warranty for low maintenance

Property Flyers

1818 Thurman Offering Memorandum

Financial Summary (Actual)

Net Operating Income: $261,083 USD (2025)

Cap Rate:	6.27 %
Total Expenses:	$90,711 USD

Amenities

Air Conditioning
Balcony
Dishwasher
Disposal
Microwave
Washer/Dryer
Heating
Kitchen
Hardwood Floors
Refrigerator
Oven
Walk-In Closets
Freezer

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	15 min	-	9.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	17 min	-	9.4 mi
Airport	Drive	Walk	Distance
Los Angeles International	16 min	-	8.3 mi
Bob Hope	26 min	-	13.6 mi
Long Beach (Daugherty Field)	34 min	-	24.8 mi

Elizabeth Maddox 818-859-7242 Myunits.com Inc

1818 Thurman Ave Los Angeles, CA 90019 Mid-City