6222 Banner Avenue , Los Angeles, CA - 90038 is For Sale

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$3,795,000· Income property

Description

6222 Banner Ave is an ultra-premium 50% LEASED 2024 fourplex located in A+++ Hollywood proper, just steps from the iconic Santa Monica Blvd! This fourplex is ready to close now: a dream come true for 1031 exchange buyers! Both 4 bed units are currently leased at $5,895 per unit! 6222 Banner Ave is made up of two large 4-bedroom tri-level townhome style units with rooftop decks and two 3-bedroom tri-level townhome style units with rooftop decks! The property boasts 13 parking spots comprised of 6 garage spaces,4 exterior spaces and 3 bonus exterior spaces. The excellent location, paired with the upscale modern units, and sprawling rooftop deck views of the city will make for quick, easy rentals. These premium townhomes feature unbeatable floor plans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, all kitchen appliances included, MASSIVE rooftop decks with Hollywood Sign views, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.

Features

MLS#: BB24062286
List Price : $3,795,000
Total Units : 4
CAP rate : $5.25
Gross Operating Income : $199,332
Net Operating Income : $199,332
Sq M : 581 M2
Year Built : 2024
Days on market : 14 Days
Gross taxes : N/A
Address : 6222 Banner Avenue
City : Los Angeles
State : CA
Zip Code : 90038
Neighborhood : N/A
Appliances : Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
Fireplace Features : None
Stories : 3
Laundry : Dryer Included, Inside, Washer Hookup, Washer Included
Parking Features : Assigned
Sale Type : Standard
Spa : None
View : City Lights, Neighborhood
 
Property Type : Residential Income
Property Style : Modern
Original List Price : $3,795,000
Acres : 0.1435
Lot Size (Acres) : 0.1435
Heating : Central
Water : Public
Sewer : Public Sewer
Parking Features : Assigned
Pool Desc : None
Cooling : Central Air
Flooring : Vinyl
Rooms : Kitchen, Living Room, Main Floor Bedroom
Driving Directions : Just North of Santa Monica Blvd between Vine St and N El Centro Ave.
Lot Features : Front Yard
 
Courtesy of : Elizabeth Maddox , Myunits.com Inc.

Location

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