2938 S Sycamore Ave - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$4,495,000 USD
213-302-8662
2938 S Sycamore Ave, Los Angeles, CA for Sale
$4,495,000 USD
Apartments - FOR SALE
1/93
null | 6.04% Cap Rate

2938 S Sycamore Ave
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • Non-rent-controlled property.
  • Five out of six units are already leased at market rents.
  • Produces immediate day-one cash flow.
  • Generates $341,640 in pro forma annual gross income.
  • Located minutes from Culver City's tech and media corridor.
  • All units are separately metered for electric and water.

OVERVIEW

The 5+ Unit Specialists are pleased to present 2938 S Sycamore Ave, 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 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 $4,495,000, 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.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$474 USD /SF

# OF UNITS

6

PRICE/UNIT

$749,167

CAP RATE

6.04%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,202 SF

ZONING

LARD1.5

APN/PARCEL ID

5049021041

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.com IncMore Info
213-302-8662

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Lauren CearleyMyunits.com IncMore Info
213-302-8662

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