1259 S Longwood Ave - Multi-Family FOR SALE


Los Angeles, CA 90019- Miracle Mile
$4,195,000 USD
818-859-7242
1259 S Longwood Ave, Los Angeles, CA for Sale
$4,195,000 USD
Multi-Family - FOR SALE
1/31
null | 6.15% Cap Rate

1259 S Longwood Ave
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • Brand-New 2026 Construction Luxury 5-Unit ideally located in prime Miracle Mile / Mid-Wilshire
  • Rare Opportunity to Deliver Vacant or Fully Leased, giving a buyer flexibility to select their own tenants or acquire a stabilized asset
  • Strong 6.15% Pro Forma Cap Rate with approximately $323,700 in projected annual gross rental income
  • Oversized 3- & 4-Bedroom Residences ranging from approximately 1,186–1,966 SF, designed to attract high-income renters seeking larger luxury housing
  • Two Massive 4BD/4BA Residences with Private Rooftop Decks, projected at $6,495 and $6,295 per month
  • All Utilities Separately Metered, helping keep landlord-paid operating expenses exceptionally low

OVERVIEW

The 5+ Unit Specialists are pleased to present 1259 S Longwood Ave, a brand-new 2026 construction luxury 5-unit ideally located in prime Miracle Mile / Mid-Wilshire. Comprised of five spacious 3- and 4-bedroom residences totaling approximately 8,065 square feet, the property can be delivered vacant or leased, giving a buyer flexibility over tenant occupancy and lease-up strategy. The property features three 4-bedroom and two 3-bedroom residences, with units ranging from approximately 1,186 to 1,966 square feet. Two oversized 4BD/4BA residences feature private rooftop decks, with projected rents reaching as high as $6,495 per month. At stabilization, the property is projected to generate approximately $323,700 in annual gross rental income and a strong 6.15% pro forma cap rate. Each residence features modern, high-end finishes including sleek kitchens and bathrooms, kitchen islands, balconies, central HVAC, and in-unit washers and dryers. The property also offers 10 on-site parking spaces—two per unit—and separately metered utilities, helping keep landlord-paid expenses low. Located on a quiet residential street in the heart of Miracle Mile, residents are minutes from The Grove, LACMA, the Academy Museum, Beverly Center, Cedars-Sinai, Beverly Hills, Hollywood, and some of LA’s best dining, shopping, and entertainment. Offered at $4,195,000, or approximately $839,800 per unit and $520 per square foot, 1259 S Longwood offers buyers a rare combination of brand-new construction, strong projected returns, oversized luxury residences, and flexible delivery in one of Central LA’s most desirable rental locations.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

5

PRICE/UNIT

$839,000

CAP RATE

6.15%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2026 Built Luxury 5-Unit in Miracle Mile

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,690 SF

ZONING

LAR2

APN/PARCEL ID

5084-024-033

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.