2938 S Sycamore, Los Angeles, CA 90016
Local realty services provided by:CENTURY 21 Masters
Listed by: lauren cearley, cheyenne womack
Office: myunits.com inc.
MLS#:BB26179793
Source:San Diego MLS via CRMLS
Price summary
- Price:$4,495,000
About this home
2938 S Sycamore Ave is 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 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 $4,495,000, 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, Johnnys Pastrami, and Highly Likely. With Sony, Amazon Studios, Apple, HBO, and Culver Citys thriving tech and media corridor nearby, the area...
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Home facts
- Listing ID #:BB26179793
- Added:27 day(s) ago
- Updated:September 14, 2026 at 02:39 PM
Rooms and interior
- Bedrooms:15
- Total bathrooms:16
Heating and cooling
- Cooling:Central Forced Air
Structure and exterior
- Levels:3 Story
Finances and disclosures
- Price:$4,495,000
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