8
See all 8 photos
$1,450,000
Est. payment /mo
6,886 Sqft Lot
Active
6239 Banner Ave Los Angeles, CA 90038
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UPDATED:
01/22/2025 05:18 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 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.
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
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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.