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6222 Banner Ave, Los Angeles, CA 90038
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6222 Banner Ave Los Angeles, CA 90038

$3,795,000
  • 14 Beds
  • 14 Baths
  • 6,640 Sq.Ft.
For Sale
$3,795,000 Get Pre-Qualified
Map preview of 6222 Banner Ave, Los Angeles, CA 90038

Property Overview: 6222 Banner Ave Los Angeles, CA has 14 bedrooms, 14 bathrooms, 6,640 living square feet and 6,250 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Elizabeth Maddox | BRE #01921425 | Myunits.com Inc.
Co-listed by Isaac Davidi | BRE #01819489 | On Track Property
Last checked: 6 minutes ago | Last updated: April 20th, 2024 | Source CRMLS | DOM: 6
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Home details

Lot Sq. Ft
6,250
HOA Dues
$0/mo
Year built
2024
Garage
6 Car
Property Type:
Fourplex
Status
Active
MLS#
BB24062286
City
Los Angeles
County
Los Angeles
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $4,995
  • Pro Forma/Market Rent: $4,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $4,995
  • Pro Forma/Market Rent: $4,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,895
  • Total Rent: $5,895
  • Pro Forma/Market Rent: $5,895
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,895
  • Total Rent: $5,895
  • Pro Forma/Market Rent: $5,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.25%
  • Gross Rent Multiplier: 14.52
  • Gross Scheduled Income: $261,360
  • Net Operating Income: $199,332
  • Gross Operating Income: $199,332
Annual Expense Breakdown
  • Total Operating Expense: $51,573
  • Electric: $600
  • Gas/Fuel: $0
  • New Taxes: $45,517
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,656
  • Maintenance: $1,600
  • Water/Sewer: $0

Open Houses for 6222 Banner Ave

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Property Details for 6222 Banner Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • Kitchen, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5534005012
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: None
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just North of Santa Monica Blvd between Vine St and N El Centro Ave.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 6222 Banner Ave

Last leased for $5,895 on April 12th, 2024

  • April, 2024

  • Apr 17, 2024

    Date

    Active

    CRMLS: BB24062286

    $3,795,000

    Price

  • April, 2024

  • Apr 12, 2024

    Date

    Leased

    CRMLS: BB24031211

    $5,895

    Price

  • Feb 13, 2024

    Date

    Active

    CRMLS: BB24031211

    $5,495

    Price

  • Listing provided courtesy of CRMLS

    ONE MONTH FREE!!! Brand New 4Bed/4Bath Townhome in the Heart of Hollywood! Comes with 3 PARKING SPOTS- SUPER RARE! Be the first to reside in this spectacular three-level townhome, a true gem in the heart of Hollywood! Boasting three bedrooms and three bathrooms, this never-been-lived-in property offers the epitome of modern living. Featuring three parking spots for your convenience, a private rooftop deck, and upscale amenities, this townhome promises a lifestyle of luxury. Inside, you'll be greeted by designer tiles, top-notch kitchen appliances, modern glossy cabinets, and high ceilings. The property is adorned with balconies off the living space and bedrooms, allowing you to enjoy the outdoors from the comfort of your home. Noteworthy, the private rooftop deck provides stunning views of the iconic Hollywood sign. The abundance of windows throughout floods the space with natural light, creating an inviting and airy atmosphere. The location is unbeatable, within walking distance to the renowned Hollywood Blvd Walk of Fame, award-winning restaurants, top-notch shopping, El Capitan Theatre, Hollywood and Highland, Pantages, Hollywood and Vine, and more. Take advantage of our special offer – 1 MONTH FREE on approved applications! While the lease states $5995, with the discount, your net monthly payment will be only $5,495. Act fast as this opportunity won't last long! We are committed to equal housing opportunity, following all Fair Housing Laws. A $40 screening fee applies to all applicants over 18. Secure your Hollywood dream home today!

  • February, 2024

  • Feb 14, 2024

    Date

    Active

    CRMLS: BB24031795

    $4,579

    Price

  • Listing provided courtesy of CRMLS

    8 WEEKS FREE! BRAND NEW CONSTRUCTION 3Bed/3Bath Townhome in the heart of Hollywood! This THREE-LEVEL beauty is a must see. The property boasts three parking spots, a private rooftop deck, and modern upscale amenities. You will find noteworthy features including designer tiles, all top notch kitchen appliances, Hollywood sign views from the top deck. modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere giving off incredible natural light, and so much more. The location can't be beat, you will be within walking distance to the iconic Hollywood Blvd Walk of Fame, so many award winning restaurants, some of the best shopping in town, El Capitan Theatre, Hollywood and Highland, Pantages, Hollywood and Vine, the list goes on..... NOW OFFERING 1 MONTH FREE on approved applications. Lease will say the price of $4,995 but with the discount you will only be netting $4,162 each month. This will go fast! We are an equal housing opportunity provider and follow all Fair Housing Laws. $40 screening fee for all applicants over 18

  • August, 2021

  • Aug 31, 2021

    Date

    Active Under Contract

    CRMLS: 21730644

    $1,500,000

    Price

  • Aug 10, 2021

    Date

    Price Change

    CRMLS: 21730644

    $1,500,000

    Price

  • Jul 16, 2021

    Date

    Active

    CRMLS: 21730644

    $1,599,000

    Price

  • Jun 17, 2021

    Date

    Hold

    CRMLS: 21730644

    $1,599,000

    Price

  • May 12, 2021

    Date

    Active

    CRMLS: 21730644

    $1,599,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2013

  • Jun 11, 2013

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

Show More

Tax History for 6222 Banner Ave

Assessed Value (2020): $562,985
Year Land Value Improved Value Assessed Value
2020 $394,091 $168,894 $562,985

Home Value Compared to the Market

This property vs the competition

6222 Banner Ave is listed 203.84% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $571.54 per/sqft which puts the price per square foot 25.97% lower than the median price per square foot for the city of Los Angeles.

About 6222 Banner Ave

Detailed summary of property

6222 Banner Ave is a fourplex located in Los Angeles, CA 90038 and is currently for sale. This fourplex offers 14 bedrooms, 14 bathrooms, roughly 6,640 living square feet, and sits on an approximately 6,250 square foot lot. 6222 Banner Ave was first listed on ArdentRealEstateGroup.com on April 17, 2024. The homeowner is currently asking $3,795,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 203.84% higher than the median priced home. Local competing homes currently for sale include 204 N Manhattan Pl, 1214 N Kingsley Dr and 933 N Mariposa Ave. While the average home in Los Angeles, CA is selling in 97 days, 6222 Banner Ave has a days on market of 6 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 6222 Banner Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6222 Banner Ave

Public county record property details
Beds
3
Baths
2
Year built
1912
Sq. Ft.
1,810
Lot Size
6,248
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5534-005-012

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
39
Median Sale to List Price %
94.87%
Avg Days on Market
34
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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