6239 Banner Avenue,Los Angeles, CA 90038
Los Angeles, CA 90038
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.
Details
| MLS # | BB26214823 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2026 |
| Days On Site | 18 |
| Listing Provided By | Myunits.com Inc. | Cheyenne Womack |
Features
| SQ Feet | 8,085 |
|---|---|
| Garage | 5 |
| Story(s) | 3 |
| Units | 7 |
| Building(s) | 2 |
| Acreage | 0.16 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Open Floorplan, Recessed Lighting |
| Appliances | Dishwasher, Electric Oven, Electric Range, Freezer, Disposal, Microwave, Refrigerator, Washer |
Exterior
| Lot Features | Landscaped, Level, Street Level |
|---|---|
| Fencing | New Condition |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $3,795,000 low | high Med: $577,500 sqft: 8,085 low | high Med: 830 $ / sqft: $469 low | high Med: $696 On site: 18 low | high Med: 29 | |
Market Activity 90038
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $3,795,000 low | high Med: $577,500 sqft: 8,085 low | high Med: 830 $ / sqft: $469 low | high Med: $696 On site: 18 low | high Med: 29 | |
