1259 S Longwood Avenue Los Angeles, CA 90019
Other
MLS #: BB26205085
Courtesy Of Myunits.com
Property InformationDescription
The 5+ Unit Specialists are pleased to present 1259 S Longwood Ave, 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 vacant or leased, 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 entertainment. Offered at $4,195,000, or approximately $839,800 per unit and $520 per square foot, 1259 S Longwood offers buyers a rare combination of brand-new construction, strong projected returns, oversized luxury residences, and flexible delivery in one of Central LA's most desirable rental locations.
Features
- Age: New Construction
- Appliance: Freezer
- Appliance: Electric Oven
- Appliance: Dishwasher
- Appliance: Microwave
- Appliance: Refrigerator
- Appliance: Disposal
- Appliance: Electric Range
- Architecture Style: Modern
- Building Units: 5
- Cooling System: Central Air
- Floor Covering: Vinyl
- Floor Covering: Tile
- Floors: 3
- Heating System: Central
- MLSID: BB26205085
- Parking Spaces: 10
- Rooms: Bathroom 8
- Rooms: Bathroom 9
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Laundry Room
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- Rooms: Bedroom 7
- Rooms: Bathroom 14
- Rooms: Bathroom 13
- Rooms: Bedroom 6
- Rooms: Bedroom 5
- Rooms: Bathroom 16
- Rooms: Bathroom 15
- Rooms: Bedroom 4
- Rooms: Bathroom 10
- Rooms: Bedroom 9
- Rooms: Bathroom 12
- Rooms: Bedroom 8
- Rooms: Bathroom 11
- Rooms: Bathroom 17
- Rooms: Bedroom 10
- Rooms: Bedroom 14
- Rooms: Bedroom 13
- Rooms: Bedroom 12
- Rooms: Bedroom 11
- Rooms: Bedroom 18
- Rooms: Bedroom 17
- Rooms: Bedroom 16
- Rooms: Bedroom 15
- Rooms: Kitchen
- Rooms: Bathroom 1
MAP & DIRECTIONS
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