6239 Banner Ave, Los Angeles, CA 90038
2 Unit Apartment Building | $1,350,000 ($675,000/Unit) | Los Angeles, CA 90038
For Sale
Active
7 pictures
Asking Price $1,350,000
- Property Type
-
Multifamily
- Square Feet
- 1,735 SF
Listing Contacts
Jordan Petito
Ariel Sayani
Navid Toomarian
Property Overview
Partners CRE is proud to exclusively present for sale a Development / Investment opportunity in Hollywood! Existing building is a Duplex that can be delivered VACANT at the close of Escrow. Front unit is a 3 bedroom unit that has been owner occupied for many years, and the back unit is a one bedroom unit that has been rented but can be delivered vacant. No Ellis Act to worry about. Property features LARD1.5-1XL zoning in a Tier 3 TOC which allows for up to 4 units by right and 2 ADU’s for a total of 6 units.
Proposing a 100% Affordable Housing Project can yield even higher density utilizing AB2345. Just under a mile to the Metro Red Line Subway Station, and blocks to Hollywood Forever, this property boasts a Walker’s Paradise designation by Walk Score, with Good
Transit and it is Very Bikeable. With a walk score of 97 this Walker’s Paradise designation, this is among the most in-demand neighborhoods by younger professionals.
Proposing a 100% Affordable Housing Project can yield even higher density utilizing AB2345. Just under a mile to the Metro Red Line Subway Station, and blocks to Hollywood Forever, this property boasts a Walker’s Paradise designation by Walk Score, with Good
Transit and it is Very Bikeable. With a walk score of 97 this Walker’s Paradise designation, this is among the most in-demand neighborhoods by younger professionals.
Property Details
- Year Built
- 1913
- Stories
- 1
- Lot Size (sq. ft)
- 6,970 SF
- Units
- 2
Highlights
- Vacant Duplex
- Property features HIGH walk score of 97 “Walker’s Paradise”
- Lot Dimensions: 50’ x 137.5’
- ED1 Eligible Site build 40+/- units
- ADU Potential
- Central Hollywood Location
Nearby Properties
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