UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26205085
Construction Status Turnkey
HOA Y/N No
Year Built 2026
Lot Size 7,688 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Interior Features Balcony, Open Floorplan, Recessed Lighting
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Oven, Electric Range, Freezer, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry Inside
Exterior
Carport Spaces 4
Fence New Condition
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 10
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 5084024033
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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Sharlotte Blake
Broker Associate License ID: 02035876
Broker Associate License ID: 02035876