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Listed by Cheyenne Womack, DRE #02064825 • Myunits.com Inc.
$ 4,195,000
Est. payment /mo
New
1259 S Longwood AVE Los Angeles, CA 90019
7,690 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26205085
Style Contemporary
Year Built 2026
Lot Size 7,690 Sqft
Source California Regional MLS
Property Description
1259 S Longwood Ave is a brand-new 2026 construction luxury 5-unit ideally located in prime Miracle Mile / Mid-Wilshire. Comprised of five spacious 3- and 4-bedroom residences totaling approximately 8,065 square feet, the property can be delivered leased or not, giving a buyer flexibility over tenant occupancy and lease-up strategy. The property features three 4-bedroom and two 3-bedroom residences, with units ranging from approximately 1,186 to 1,966 square feet. Two oversized 4BD/4BA residences feature private rooftop decks, with projected rents reaching as high as $6,495 per month. At stabilization, the property is projected to generate approximately $323,700 in annual gross rental income and a strong 6.15% pro forma cap rate. Each residence features modern, high-end finishes including sleek kitchens and bathrooms, kitchen islands, balconies, central HVAC, and in-unit washers and dryers. The property also offers 10 on-site parking spaces-two per unit-and separately metered utilities, helping keep landlord-paid expenses low. Located on a quiet residential street in the heart of Miracle Mile, residents are minutes from The Grove, LACMA, the Academy Museum, Beverly Center, Cedars-Sinai, Beverly Hills, Hollywood, and some of LA's best dining, shopping, and entertainmen
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Rooms
Kitchen Dishwasher, Freezer, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other, Washer, Dryer
Exterior
Garage Spaces 10.0
Pool None
View Local/Neighborhood
Building
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5084024033
Special Listing Condition Not Applicable
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