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2016 Thurman Avenue
About This Property
situated in the vibrant Mid-City area of Los Angeles. This
property offers an opportunity for investors, renovators, or buyers looking to
bring their vision to a classic Los Angeles home.
The residence needs TLC and is being offered in its present, as-is condition,
providing an opportunity to renovate, restore, and enhance its existing
character. There is a bonus room that can be utilized as a third bedroom. The spacious backyard affords an opportunity for an ADU. The property's location offers convenient access to major
transit corridors, with shopping, dining, entertainment, and neighborhood
amenities nearby.
Whether you're looking for your next investment project or an opportunity to
restore a piece of Los Angeles architectural character, this property offers a
combination of vintage appeal, central location, and potential
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Listed by Circle Real Estate | $850,000 | |
| Listed by Circle Real Estate | |||
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About South LA
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017