REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,395,000
Est. payment /mo
Price Dropped by $55K
6239 Banner Ave Los Angeles, CA 90038
6,886 Sqft Lot
UPDATED:
02/21/2025 03:16 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25-486035
Lot Size 6,886 Sqft
Acres 0.1581
Property Description
Fully Ready-to-Issue construction project of 7 residential dwellings consisting of Four 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) 1 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.
Location
State CA
County Los Angeles
Area Hollywood
Zoning LARD1.5
Exterior
View Y/N Yes
View Peek-A-Boo
Others
Special Listing Condition Standard
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Onward Capital, Inc.
GET MORE INFORMATION
QUICK SEARCH