6239 Banner Avenue

Description

Fully Ready-to-Issue construction project of 7 residential dwellings consisting of Five 3 story units and Three ADUs in the Hollywood neighborhood of Los Angeles. Right near Santa Monica Blvd & Vine , this 7,903 SF RD1.5-1XL. is fully approved, with Permits Ready-to-Issue! The property includes (2) 4 bed, 4 bath units, (2) 3 bed, 3 bath units, (1) 2 bedroom low income and (2) 1 bedroom apartments, total of 8 parking spots on-site. The project features three separate structures with the middle unit sharing no walls with neighbors. Future income of $26k/month, $4.2M!! Separate meters for all utilities so very low expenses for ownership. Located in the heart of Los Angeles' Hollywood neighborhood, the property offers proximity to key employment centers (Downtown, Koreatown, and West Hollywood. You're just minutes from iconic landmarks such as the Hollywood Walk of Fame, TCL Chinese Theatre, and the Dolby Theatre. A vibrant scene with trendy bars, live music venues, and comedy clubs. Close to cultural hubs like the Los Angeles County Museum of Art (LACMA), the Petersen Automotive Museum, and more.

Listing information courtesy of: Serena Shlomof, Onward Capital, Inc. 310-780-1146. *Based on information from the Association of REALTORS/Multiple Listing as of 01/28/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.