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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$3,795,000

Est. payment - /mo

6,886 Sqft Lot

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UPDATED:

Key Details

Property Type 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

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

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

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Listed by Cheyenne Womack Myunits.com Inc. 805-973-7470, DRE #02064825

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6239 Banner AVE Los Angeles, CA 90038