6222 Banner Avenue

Los Angeles, CA 90038

$3,795,000
Price
14
Beds
14
Baths
6,640 Sq. Ft.
$572 / Sq. Ft.
6,640
Sq. Ft.
$572
per Sq. Ft.

Description

6222 Banner Ave is an ultra-premium 75% LEASED 2024 fourplex located in A+++ Hollywood proper, just steps from the iconic Hollywood Blvd! This fourplex is ready to close now: a dream come true for 1031 exchange buyers! Both 4 bed units are leased at $5,895 per unit and one 3 bed unit is leased at $4,945! 6222 Banner Ave is made up of two large 4-bedroom tri-level townhome style units with rooftop decks, two 3-bedroom tri-level townhome style unit with rooftop decks! The property boasts 13 parking...6222 Banner Ave is an ultra-premium 75% LEASED 2024 fourplex located in A+++ Hollywood proper, just steps from the iconic Hollywood Blvd! This fourplex is ready to close now: a dream come true for 1031 exchange buyers! Both 4 bed units are leased at $5,895 per unit and one 3 bed unit is leased at $4,945! 6222 Banner Ave is made up of two large 4-bedroom tri-level townhome style units with rooftop decks, two 3-bedroom tri-level townhome style unit 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 floorplans 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.
  1. Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • Myunits.com Inc. • 818-850-8485
  2. Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property

Property Details for 6222 Banner Avenue

Architectural Style
Modern
View
City Lights, Neighborhood
Parking Spaces Total
13
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425; On Track Property, Isaac Davidi, DRE #01819489
Add your commute
LISTING UPDATED: 05/02/2024 08:09 AM

Property Details for 6222 Banner Avenue

StatusActive
MLS #BB24062286
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.14 AC / 6,250 SF
CountyLos Angeles County

Location

Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425; On Track Property, Isaac Davidi, DRE #01819489
Add your commute

Building Information for 6222 Banner Avenue

Stories3Residences-Year Built2024Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$22,162 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,711

Property Taxes

$1,451

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6222 Banner Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $260,160
  • Gross Scheduled Income: $260,160
  • Vacancy Allowance Rate: 4
  • Gross Operating Income: $249,754
  • Net Operating Income: $198,180
  • Gross Multiplier: 14.59
  • Cap Rate: 5.22
Expense Details
  • Operating Expense: $51,573
  • New Taxes Expense: $45,517
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Security Expense: $0
  • Electric Expense: $600
  • Insurance Expense: $2,656
  • Maintenance Expense: $1,600
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $51,573
Tax / Assessment Info
  • Tax Area: 1.19
  • Tax Annual Amount: $45,517
  • Tax Tract Number: 2
  • Tax Census Tract: 1908.01
  • CFD/Mello-Roos Fee: $289
  • Tax Lot: 16
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Inside, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Vinyl
  • Virtual Tour URL Branded: https://www.myunits.com/buy/6222banner
Exterior Features
  • Entry Location: front
  • Property Condition: Turnkey
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Green Energy Generation: Solar
Land/Lot Info
  • Lot Features: Front Yard
  • Direction Faces: North
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,895
  • Unit Type Total Rent: $5,895
  • Unit Type Pro Forma: 5895
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,895
  • Unit Type Total Rent: $5,895
  • Unit Type Pro Forma: 5895
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,945
  • Unit Type Total Rent: $4,945
  • Unit Type Pro Forma: 4945
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4945
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4

Property History for 6222 Banner Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6222 Banner Avenue

Taxable ValueLand$1,417,800Additions$10,200Total$1,428,000
Tax Record2023$17,416 ($1,451 / month)
Home Facts
Total Finished SqFt1,810 SqFtAbove Grade Finished SqFt1,810 SqFtStories1Lot Size6,248 SqFtStyleDuplexYear Built1912ZoningLARD1.5CountyLOS ANGELESAPN5534-005-012

Schools near 6222 Banner Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hollywood Elementary
PublicK to 5

Vine Street Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

6222 Banner Avenue is a multi-family home for sale in Los Angeles, CA 90038. This property was listed for sale on April 17, 2024 by Myunits.com Inc., it's currently listed at $3,795,000. It has been on the market for a total of 19 days and was last sold on November 22, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Hollywood Elementary, Vine Street Elementary School and Joseph Le Conte Middle School. 6222 Banner Avenue is a 14-bed, 14-bath, 6,640 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425; On Track Property, Isaac Davidi, DRE #01819489

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.