UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26214823
Construction Status Turnkey
HOA Y/N No
Year Built 2026
Lot Size 6,886 Sqft
Property Sub-Type Quadruplex
Property Description
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
Area C20 - Hollywood
Interior
Interior Features Balcony, Open Floorplan, Recessed Lighting
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplace No
Appliance Dishwasher, Electric Oven, Electric Range, Freezer, Disposal, Microwave, Refrigerator, Washer
Laundry Electric Dryer Hookup, Inside
Exterior
Garage Spaces 5.0
Garage Description 5.0
Fence New Condition
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped, Level, Street Level
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 5534006003
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Sharlotte Blake
Broker Associate License ID: 02035876
Broker Associate License ID: 02035876