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6239 Banner Ave, Hollywood

Luxury New Construction 7-Unit in Prime Hollywood

6239 Banner Ave is a brand-new, luxury 7-unit multifamily property in prime Hollywood, offered at $3,795,000 with a 6.37% cap rate and an exceptional basis of approximately $542k per unit. Featuring spacious 3- and 4-bedroom residences alongside three smaller units, the property offers designer finishes, custom built-ins, in-unit laundry, large balconies, and eight parking spaces. Over 70% leased with new leases extending through late 2027, this high-quality asset combines immediate income with additional lease-up upside in a central location near Larchmont Village, Melrose Avenue, major studios, dining, and entertainment.

The Important
Details

​List Price:

Property Type:

Status:

# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

$/Unit:

Unit Mix:

Opportunity Zone:

Parking:

Rent Control:

$3,795,000

7-Unit

For Sale

7

2026

6.37%

11.57

$328,044/Year

8,085 sqft

6,866 sqft

$469.39

$542,143

2x 4b/3.5b, 2x 3b/3.5b, 2x 1b/1b, 1x 0b/1b

Yes

8 Parking Spaces

Yes

Other Features:

Large Balconies, Designer Finishes & Fixtures, Stainless Steel Appliances, 70% Leased, Custom Built-Ins, Large Windows

The Highlights

  • A true step above typical new construction, featuring ultra-high-end designer finishes and fixtures, custom built-ins, oversized windows and thoughtfully designed modern interiors.

  • Prime Hollywood location near Larchmont Village, Melrose, Santa Monica Blvd and Hollywood Blvd, surrounded by major studios, employment hubs, dining, nightlife and entertainment.

  • Under $600K per door! Offered at approximately $542K per unit, an exceptional basis for brand-new, luxury construction in the heart of Hollywood.

  • Over 70% leased with four of seven residences already occupied at market rents and 1 affordable unit, providing immediate in-place income with additional upside as the remaining units are leased.

  • Brand-new leases extending through late 2027, providing over a year of secured rental income and limited near-term rollover exposure.

  • Impressive 6.37% cap rate, a compelling day-one return for new construction of this caliber in a prime Hollywood location.

  • Spacious 3- and 4-bedroom residences with 3.5 bathrooms offer highly desirable floor plans well suited for roommates, families and professional renters.

  • Priced to sell with an aggressive cost basis, strong in-place income and premium construction, a rare opportunity to acquire a high-quality Hollywood asset at compelling pricing.

The Neighborhood

<15-Minute Walk

Paramount Pictures, Osteria La Buca, Little Fish, The Edmon, Dayglow, Osteria Mamma, Project Bloom, Mario’s Peruvian, Astro Burger, Nue Studio & Cafe, Tamales Veracruz, and RE Out of Office Coffee

<15-Minute Drive

Great White, Go Get Em Tiger, Larchmont Village, Cafe Gratitude, Salt & Straw, Chevalier’s Books, Mr. T, Stir Crazy, Jemma, Musso & Frank, Netflix, Sunset Gower Studios, Hollywood Walk of Fame, and TCL Chinese Theatre

<$15 Uber Ride

The Grove, Farmers Market, Griffith Observatory, Runyon Canyon, Silver Lake Reservoir, Sunset Junction, Erewhon, Courage Bagels, Sqirl, The LINE LA, République and Academy Museum

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Contact

Cheyenne Womack

805.973.7470

Lauren Cearley

213.302.8662

Property Presented By:

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