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Listed by Myunits.com Inc., Lauren Cearley, Listing Contact: 213-302-8662 
15 Beds
16 Baths

$4,295,000

2938 S Sycamore, Los Angeles CA, 90016

Property typeMulti-family

Overview

Active

Listed Aug 17, 2026

Updated 15h ago

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, Johnnys Pastrami, and Highly Likely. With Sony, Amazon Studios, Apple, HBO, and Culver Citys thriving tech and media corridor nearby, the a

$28,575/mo

Est. mortgage payment based on a $4,295,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
BB26179793

Interior Features

Bedrooms
15
Bathrooms
16
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

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Data last updated 6:23 AM UTC, 10/7/2026

   

 

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