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Listed by Cheyenne Womack, DRE #02064825 • Myunits.com Inc.
$ 3,795,000
Est. payment /mo
Active
6239 Banner AVE Los Angeles, CA 90038
6,886 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26214823
Style Contemporary
Year Built 2026
Lot Size 6,886 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Dishwasher, Freezer, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other, Washer, 9
Exterior
Garage Spaces 8.0
Pool None
Building
Lot Description Grade - Level
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5534006003
Special Listing Condition Not Applicable
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