6239 Banner Avenue, Los Angeles, CA 90038
6239 Banner Avenue, Los Angeles, CA 90038
6239 Banner Avenue, Los Angeles, CA 90038
33
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$3,795,000
Est. payment /mo
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11 Beds
13 Baths
6,886 Sqft Lot
New

6239 Banner Avenue Los Angeles, CA 90038

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Patty Doyle

Patty Doyle

+1(619) 886-0321

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26214823

Bedrooms 11

Lot Size 6,886 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

6239 Banner Ave is a rare opportunity to acquire a brand-new, ultra-high-end 7-unit multifamily asset in the heart of Hollywood. Built to a level that stands apart from typical new construction, the property features elevated designer finishes and fixtures, custom built-ins, oversized windows, modern interiors, in-unit laundry and large balconies on the majority of residences. The property offers a desirable mix of spacious 3- and 4-bedroom residences alongside three smaller units, creating broad renter appeal in one of Los Angeles most active employment and entertainment hubs. Four of the seven units are already leased at market rents with 1 affordable unit, with newly executed leases extending through late 2027, providing immediate and secured in-place income while offering additional upside through lease-up of the remaining units. Offered at $3,795,000, the property delivers an impressive 6.37% cap rate and approximately $542,143 per unit, an exceptionally compelling basis for luxury new construction in this location. Ideally positioned near Larchmont Village, Melrose Avenue, Santa Monica Boulevard and Hollywood Boulevard, the property is surrounded by major studios, entertainment employers, dining, nightlife and some of L.A.s most popular lifestyle destinations. With premium construction, strong day-one income, long-term lease security and aggressive pricing, 6239 Banner Ave offers investors the opportunity to acquire a high-quality Hollywood asset at a basis and yield rarely seen for new construction of this caliber.

Location

State CA

County Los Angeles

Zoning Builder

Direction Located on Banner Ave, North of Santa Monica Blvd.

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5534006003

MLS Router / San Diego MLS
Listed by Cheyenne Womack, DRE#02064825 Myunits.com Inc. 
Co-listed byLauren Cearley • Myunits.com Inc.

NEARBY SCHOOL & BUSINESS

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Patty Doyle

Patty Doyle

Agent License ID: 01507441

+1(619) 886-0321

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6239 Banner Avenue

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