2938 S Sycamore Los Angeles, CA 90016
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26179793
HOA Y/N No
Year Built 2026
Lot Size 7,200 Sqft
Property Sub-Type Apartment
Property Description
2026 new construction, non-rent-controlled 6-unit in prime West Adams. Delivering
a strong 6.06% cap rate, Sycamore offers the rare combination of luxury
construction, immediate cash flow, and long-term upside. Four 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 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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction Yes
Others
Senior Community No
Tax ID 5049021041
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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