2938 S Sycamore Los Angeles, CA 90016

2938 S Sycamore Ave is a striking

2026 new construction, non-rent-controlled 6-unit in prime West Adams. Delivering

a strong 6.06% cap rate, Sycamore offers the rare combination of luxury

construction, immediate cash flow, and long-term upside. Four 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, 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.