Home | Los Angeles County | Los Angeles | 90019 | 1259 S Longwood Ave
MLS: CRBB26205085 | Status: | Price: $4,195,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,690 | 2026 |
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 is already 60% leased at market rents, with three of five units occupied, providing immediate income while offering additional upside through the lease-up of the remaining residences. 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 $6,295 per month. At stabilization, the property is projected to generate approximately $316,500 in annual gross rental income and a strong 5.98% 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
| Field | Value |
|---|---|
| MLS # | CRBB26205085 |
| MLS Source | California Regional MLS |
| Days on Site | 16 |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Freezer, Garbage Disposal, Microwave, Other, Oven - Electric, Oven Range - Electric, Dryer, Washer |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Style | Contemporary |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Cheyenne Womack | Lauren Cearley |
| Myunits.com Inc. | |
| License #: 02064825 | License #: 02146823 |
| Phone: (805) 973-7470 | Phone: (213) 302-8662 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | – |
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This listing information is up-to-date as of October 06, 2026. For the most current information, please contact Cheyenne Womack, (805) 973-7470.