1259 S Longwood Avenue, Los Angeles, CA 90019
Local realty services provided by:CENTURY 21 Epic
1259 S Longwood Avenue,Los Angeles, CA 90019
$4,195,000
- - Beds
- - Baths
- 8,065 sq. ft.
- Multi-family
- Active
Listed by: cheyenne womack, lauren cearley
Office: myunits.com inc.844-698-6487
MLS#:BB26205085
Source:CRMLS
Price summary
- Price:$4,195,000
- Price per sq. ft.:$520.15
About this home
1259 S Longwood Ave is 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 is already 80% leased at market rents, with three of five units occupied, providing immediate income while offering additional upside through the lease-up of the remaining residences.
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 rents reaching as high as $6,095 per month. At stabilization, the property is projected to generate approximately $311,160 in annual gross rental income and a strong 5.86% 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 $839,000 per unit and $520 per square foot, 1259 S Longwood offers buyers a rare combination of brand-new construction, immediate in-place income, strong projected returns, and oversized luxury residences in one of Central LA’s most desirable rental locations....
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Home facts
- Year built:2026
- Listing ID #:BB26205085
- Added:49 day(s) ago
- Updated:November 11, 2026 at 12:41 PM
Rooms and interior
- Flooring:Tile, Vinyl
- Kitchen Description:Dishwasher, Disposal, Electric Oven, Electric Range, Freezer, Microwave, Refrigerator
- Living area:8,065 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2026
- Building area:8,065 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Landscaped
- Architectural Style:Modern
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,195,000
- Price per sq. ft.:$520.15
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Freezer, Washer
- Laundry features:Dryer, Inside, Washer
- Amenities:Balcony, Open Floor Plan, Recessed Lighting
Parking
- Total parking spaces:10
- Parking description:4 Carport Space(s)
- Carport spaces:4
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