Est. cap rate

1.7%

Assumed rent, all units

$10,640/mo

Units

4

Price per unit

$948,750

Est. annual NOI

$63,840

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

7

Building size

8,085 sqft

Lot size

6,886 sqft

Year built

2026

Stories

3

Garage spaces

5

Style

Modern

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

1

MLS #

247681747

About this property

6239 Banner Ave is a rare opportunity to acquire a brand-new, ultra-high-end 7-unit multifamily asset in the heart of Hollywood. Built to a level that stands apart from typical new construction, the property features elevated designer finishes and fixtures, custom built-ins, oversized windows, modern interiors, in-unit laundry and large balconies on the majority of residences. The property offers a desirable mix of spacious 3- and 4-bedroom residences alongside three smaller units, creating broad renter appeal in one of Los Angeles’ most active employment and entertainment hubs. Four of the seven units are already leased at market rents with 1 affordable unit, with newly executed leases extending through late 2027, providing immediate and secured in-place income while offering additional upside through lease-up of the remaining units. Offered at $3,795,000, the property delivers an impressive 6.37% cap rate and approximately $542,143 per unit, an exceptionally compelling basis for luxury new construction in this location. Ideally positioned near Larchmont Village, Melrose Avenue, Santa Monica Boulevard and Hollywood Boulevard, the property is surrounded by major studios, entertainment employers, dining, nightlife and some of L.A.’s most popular lifestyle destinations. With premium construction, strong day-one income, long-term lease security and aggressive pricing, 6239 Banner Ave offers investors the opportunity to acquire a high-quality Hollywood asset at a basis and yield rarely seen for new construction of this caliber.

Location

6239 Banner Avenue

Los Angeles, Los Angeles, CA, 90038