
Los Angeles, California 90038
This brand-new 7-unit multifamily Prime Investment Opportunity is listed at $3,795,000, positioned well below the $3,928,782 Fair Market Value by 3%. This valuation gap offers $133,782 in Instant Equity. Featuring an Excellent Condition Rating with ultra-high-end designer finishes and a 6.37% cap rate, this asset provides immediate, stable income in a high-demand Hollywood location. With modern amenities and strong rental appeal, this is a strategic acquisition for Buy-and-Hold Investors or Institutional Portfolios seeking a turnkey, high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6239 Banner Avenue Subject 0 bd · 0 ba · 8,085 sqft · $486 | $3,795,000* List Price | 0 | 0 | 8,085 | $486 | - |
A 1255 N Gower Street Active 0 bd · 0 ba · 6,091 sqft · $525 · 0.2 mi | $3,195,000 List Price | 0 | 0 | 6,091 | $525 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new 2026 construction featuring ultra-high-end designer finishes, modern bathrooms with premium fixtures, and brand new systems throughout. The property is in mint condition with no maintenance required.
The property offers a 6.37% cap rate, which is exceptionally high for brand-new luxury construction in the Hollywood market, providing immediate and strong cash flow.
Built in 2026 with designer finishes, custom built-ins, and in-unit laundry, the asset minimizes near-term maintenance costs while commanding top-tier market rents.
Situated near major entertainment studios and lifestyle hubs like Larchmont Village, the property benefits from high renter demand and significant long-term appreciation potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 8085, other record living area = 1735.
The inclusion of one affordable unit limits the total gross potential income and requires ongoing regulatory compliance.
With three units currently vacant, the investor must manage the initial lease-up phase to reach the full projected yield and stabilize the asset.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 8,085 | 2,090.331 |
| Lot Size | 6,886 | 5,852.908 |
| Price | $3.79M | $830.9K |
| Price per sq ft | $469 | $394 |
| Built year | 2026 | 1928 |
| HOA | $0 | $0 |
| Days on market | 38 | 87 |
Oct 2, 2026
$3,795,000
Initial Listing
Oct 16, 2024
$1,040,000
Public Record