2938 S Sycamore, Los Angeles, CA 90016

Description

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, 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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2938 S Sycamore

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