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

SingleFamilyResidence

Bedrooms

5

Building size

8,066 sqft

Lot size

7,401 sqft

Year built

2026

Stories

3

Garage spaces

0

Style

Modern

Heating

Central

Cooling

Central Air

Pool

None

View

Neighborhood

Status

Active

Days on market

5

MLS #

246614374

About this property

1330 S Longwood Ave is a massive brand-new 2026 construction luxury 5-unit in prime Miracle Mile / Mid-Wilshire. Already 80% leased at strong market rents, this turnkey asset delivers immediate cash flow with a projected 5.74% cap rate and $306,360 in gross potential annual income. The property features an exceptional unit mix of three spacious 4-bedroom residences and two 3-bedroom residences. The two largest 4-bedroom residences feature private rooftop decks and are projected to achieve $5,995 per month, with 1 already achieving that rent. Each thoughtfully designed unit offers generous living spaces, sleek kitchens and bathrooms, designer finishes, kitchen islands, balconies, central HVAC, in-unit washers and dryers, and abundant natural light. Located on a quiet residential street in the heart of Miracle Mile, Longwood places tenants just minutes from The Grove, LACMA, the Academy Museum, La Brea Tar Pits, Beverly Center, and some of LA’s best shopping, dining, and entertainment. The property also benefits from proximity to major employment centers including Cedars-Sinai Medical Center, Television City, and the broader Mid-Wilshire and Hollywood media corridor, creating strong demand from professionals seeking modern housing in one of LA’s most centrally located neighborhoods. With all utilities separately metered, brand-new systems, 10 on-site parking spaces, and premium low-maintenance construction, 1330 S Longwood offers buyers a rare combination of luxury design, immediate income, and long-term rental strength. Offered at $4,199,000, or approximately $839,800 per unit and $520 per square foot, Longwood represents an exceptional opportunity to acquire a high-quality new construction asset in prime Miracle Mile.

Location

1330 S Longwood Avenue

Los Angeles, Los Angeles, CA, 90019