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
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$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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