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2938 S Sycamore
Los Angeles CA 90016 US

$4,495,000

Active Listing ID BB26179793
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22 bed
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23.00 Bath (23 Full)
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Lot: 0.17 Acres
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Apartment

$4,495,000

Active Listing ID BB26179793
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2938 S Sycamore 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 6.06% 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 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.

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Property Features

  • Facts
  • Lot Size: 0.17 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 23
  • Cooling System: Central Air
  • Heating Fuels: Central

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 4495000
  • unparsedaddress: 2938 S Sycamore
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90016
  • bathroomsfull: 23
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1653
  • lotsizeunits: Acres
  • lotsizearea: 0.1653
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Lauren Cearley
  • listagentemail: lauren@myunits.com
  • listagentkey: 3yd-MRMLSCA-BB42774
  • listagentmlsid: BB42774
  • listagentpreferredphone: 2133028662
  • listagentofficephone: 2133028662
  • listofficekey: 3yd-MRMLSCA-bH5345657
  • listagentstatelicense: 02146823
  • listofficemlsid: bH5345657
  • disclaimer: Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 2026
  • listingcontractdate: 2026-08-16
  • listagenturl: https://www.twotofour.com/buy
  • countyorparish: Los Angeles
  • parcelnumber: 5049021041
  • appliances: Electric Oven
  • cooling: Central Air
  • heating: Central
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 2
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 1, Bathroom 5, Bedroom 12, Bedroom 2, Bathroom 22, Bathroom 12, Bedroom 14, Bathroom 11, Bathroom 10, Bathroom 17, Bedroom 3, Bathroom 15, Bathroom 23, Bedroom 4, Bedroom 9, Bathroom 9, Bathroom 16, Bathroom 21, Bedroom 16, Bedroom 8, Bathroom 7, Bathroom 4, Bedroom 17, Bedroom 15, Bathroom 19, Bedroom 11, Bedroom 20, Bathroom 14, Bedroom 6, Bedroom 10, Bathroom 6, Bathroom 8, Bedroom 22, Bathroom 18, Bathroom 20, Bedroom 13, Laundry Room, Bedroom 21, Bathroom 2, Bedroom 7, Bathroom 13, Bedroom 5, Bedroom 18, Bathroom 1, Bedroom 19, Bathroom 3
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 8/17/2026 7:24:15 PM GMT
Source Updated Date: 8/26/2026 1:01:53 AM GMT

Courtesy of: Lauren Cearley, Myunits.com Inc., lauren@myunits.com

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.