Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

6

Building size

9,489 sqft

Lot size

7,202 sqft

Year built

2026

Stories

3

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

50

MLS #

246070228

About this property

2938 S Sycamore Ave is a striking 2026 new construction, non-rent-controlled 6-unit in prime West Adams. Delivering a strong 6.37% 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 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 $4,295,000, the property trades at approximately $452.63 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, 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

2938 S Sycamore

Los Angeles, Los Angeles, CA, 90016