2938 S Sycamore, West Adams
New Const. 6-Unit | Culver City Arts Adj.
Stabilized 6.06% Cap | Massive Rooftop Decks!
Forget the usual “new construction” pitch. 2938 S Sycamore is a 2026 non-rent-controlled 6-unit that is already doing what investors want: producing income. Four residences are leased at market rents, supporting a projected 6.06% cap and $342,840 in annual gross income. The 3- and 4-bedroom homes feature private rooftop decks, designer finishes, central HVAC, in-unit laundry, balconies, and 10 parking spaces. All utilities are separately metered. Offered at $4,495,000 near West Adams and Culver City’s tech corridor.
The Important
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$4,495,000
6-Unit
For Sale
6
2026
6.06%
13.11
$342,840/Year
9,489 sqft
7,202 sqft
$473.71
$749,167
3x 4b/4b +rooftop, 1x 4b/4.5b + rooftop, 2x 3b/3b
yES
10 Parking Spots
No
Other Features:
Rooftop Decks, Non-Rent Controlled
The Highlights
Non Rent Controlled!
4/6 units already leased at market rents and producing a pro forma cap rate of 6.06% cap with immediate day one cash flow
$342,840 in pro forma annual gross income supported by strong Mid City rental demand
Located minutes from Culver City’s tech and media corridor including Amazon Studios, Apple, HBO, and Sony
Prime Mid City location attracting young professionals seeking central access to the Westside, Beverly Hills, and Downtown Los Angeles
All units separately metered for electric and water keeping operating expenses extremely low
Modern new construction with minimal maintenance and long term durability
Private rooftop decks and premium layouts allowing the property to command top tier rents
Near major mixed use developments including Ivy Station, Culver Steps, Cumulus, and Platform driving continued neighborhood growth
Attractive basis at $750,000 per unit and $474 per square foot for new construction in a high growth rental market
The Neighborhood
<15-Minute Walk
Cento, Chulita, Highly likely, Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
<15-Minute Drive
The Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
<$15 Uber Ride
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
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