2938 S Sycamore, Los Angeles, CA 90016
2938 S Sycamore, Los Angeles, CA 90016
2938 S Sycamore, Los Angeles, CA 90016
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Glen Henderson

Glen Henderson

+1(619) 889-7646
$4,295,000
Est. payment /mo
15 Beds
16 Baths
7,202 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26179793

Bedrooms 15

Lot Size 7,202 Sqft

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

2938 S Sycamore Ave is a striking 2026 new construction, non-rent-controlled 6-unit in prime West Adams. Delivering a strong 6.28% 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 9,489 square feet across two modern buildings, the property features an excellent unit mix of three spacious 3-bedroom residences and three 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 $4,295,000, the property trades at approximately $452 per square foot and $715,833 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, Johnnys Pastrami, and Highly Likely. With Sony, Amazon Studios, Apple, HBO, and Culver Citys thriving tech and media corridor nearby, the area continues to attract

Location

State CA

County Los Angeles

Zoning Builder

Direction From La Brea Ave, head east on W 30th St, then turn left onto S Sycamore Ave. The property will be on your right. Located betwee

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5049021041

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MLS Router / San Diego MLS
Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc. 
Co-listed byCheyenne Womack • Myunits.com Inc.

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Glen Henderson

Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

Broker Associate CA BRE #01384181

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