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$ 3,795,000
Est. payment | /mo
11 Beds
13 Baths
6,886 Sqft Lot
$ 3,795,000
Est. payment | /mo
11 Beds
13 Baths
6,886 Sqft Lot
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
Listed by Cheyenne Womack, DRE#02064825 Myunits.com Inc.
Co-listed byLauren Cearley • Myunits.com Inc.
Co-listed byLauren Cearley • Myunits.com Inc.
Nearby Locations
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Krystal Lane
Partner Lic# 1918284