1330 S Longwood Ave, Los Angeles, CA 90019

Description

1330 S Longwood Ave is a massive brand-new 2026 construction luxury 5-unit in prime Miracle Mile / Mid-Wilshire. Already 100% leased at strong market rents, this turnkey asset delivers immediate cash flow with a real 5.68% cap rate and $303,960 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 achieved $5,795-$5,995 per month. 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.