6239 Banner Ave 17BR Hancock Park La
| Website: | https://www.nestseekers.com/5433478 |
|---|---|
| Address: | 6239 Banner Ave Apt: 1-2 LOS ANGELES, CA 90038 |
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 17 BR |
| Bathrooms: | 17 |
| Area: | 6886 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$3,895,000
Description
6239 Banner Ave presents a rare opportunity to acquire a newly constructed, non-rent-controlled multifamily asset in prime Hollywood & **OPPORTUNITY ZONE*** Completed in 2026, the 8,141 SF building features seven individually designed residences situated on a 6,900 SF LARD1.5-1 VL zoned lot, with a projected monthly income of approximately $27,388 at stabilized occupancy. The offering represents a 6.34% cap rate at an asking price of $3,895,000, with all units separately metered and located within a strong rental submarket near studios, and major hospitals. Constructed with zero deferred maintenance and institutional-quality finishes throughout, the property offers premium features including private balconies, soaking tubs, and custom closets. Purpose-built for operational efficiency and tenant appeal, this asset is ideally suited for investors seeking durable cash flow in a supply-constrained Los Angeles market. Contact listing agents for the full Offering Memorandum.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-280-8983 Fax: +1 310-362-0351 | |
| Listing Courtesy of Onward Capital, Inc. | |