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View 2938 S Sycamore on Redfin Full photos, price history & neighborhood details
$ 4,295,000
2938 S Sycamore Los Angeles, CA 90016
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2938 S Sycamore, Los Angeles, CA 90016
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2938 S Sycamore, Los Angeles, CA 90016
2938 S Sycamore, Los Angeles, CA 90016
2938 S Sycamore, Los Angeles, CA 90016
2938 S Sycamore, Los Angeles, CA 90016
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Tricia Mcmullan

Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433
$ 4,295,000
Est. payment /mo
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Price Dropped by $200K

2938 S Sycamore Los Angeles, CA 90016

7,200 Sqft Lot


UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26179793

HOA Y/N No

Year Built 2026

Lot Size 7,200 Sqft

Property Sub-Type Apartment

Property Description

2938 S Sycamore Ave is a striking 2026 new construction, non-rent-controlled 6-unit in prime West Adams. Delivering a strong 6.28% 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 three spacious 3-bedroom residences
and three 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 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Electric Oven, Dryer, Washer

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Sidewalks

Total Parking Spaces 2

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 5049021041

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Virtual Tour https://www.myunits.com/buy/2938sycamore


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Listed by Lauren Cearley Myunits.com Inc. 213-302-8662, DRE #02146823
Redfin
View 2938 S Sycamore on Redfin Full photos, price history & neighborhood details
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
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Tricia Mcmullan

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