Property listed by Myunits.com Inc., Lauren Cearley 213-302-8662
$4,495,000
2938 S Sycamore Ave is a striking
2026 new construction, non-rent-controlled 6-unit in prime West Adams. Delivering
a strong 6.04% cap rate, Sycamore offers the rare combination of luxury
construction, immediate cash flow, and long-term upside. Five of the six
residences are already leased at impressive market rents, providing buyers with
income from day one.
Spanning… Read More 9,489 square feet across two modern buildings, the property
features an excellent unit mix of two spacious 3-bedroom residences
and four, equally as impressive, 4-bedroom residences with private rooftop decks. Each
thoughtfully designed unit offers generous floor plans, high-end
finishes, balconies, central HVAC, in-unit washers and dryers, and sleek
contemporary kitchens and bathrooms. Ten on-site parking spaces
further enhance tenant appeal.
All utilities are separately metered, helping keep operating expenses exceptionally
low and making Sycamore a true turnkey, low-maintenance investment. Offered
at $4,495,000, the property trades at approximately $474 per square foot and
$749,000 per unit, an attractive basis for brand-new construction in one of Los
Angeles’ most in-demand rental markets.
Ideally positioned near Culver City, West Adams, and the Expo Line, residents
enjoy convenient access to Santa Monica, DTLA, USC, and the greater Westside.
The property is surrounded by major redevelopment, new construction, and
neighborhood favorites including Alta Adams, Mizlala, Johnny’s Pastrami, and
Highly Likely. With Sony, Amazon Studios, Apple, HBO, and Culver City’s thriving
tech and media corridor nearby, the area continues to attract young professionals
and creative tenants seeking modern housing in a central location, supporting
strong rental demand and long-term growth. Read Less
Listing Snapshot
Days Online
46
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
2026
MLS Number
BB26179793
Additional Details
Appliances & Equipment
ElectricOven, Dryer, Washer
Building
Built in 2026, 2 buildings, 3 stories, Levels: ThreeOrMore, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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