$3,750,000 Price Analysis   ♡   Los Angeles, CA 90038 14 bed 14 bath 6,640 SqFt ($564/SqFt) 6,250SqFt lot. Built 2024 Listed 2024-04-17, Taxes $16,604 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
6222 Banner Ave is an ultra-premium 100% LEASED 2024 fourplex locatd in A+++ Hollywood proper
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 the 3 bed units leased at $4, 995 and $4, 945! All units rented extremely fast due to the highly desirable location and luxury, townhome style finishes. 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 additio n to the high return, buyers will enjoy other perks including tons of parking, designed drought tolerant landscaping, a 1-year builders warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water and electric and extreme desirability amongst renters for years to come.
Presented by Elizabeth Maddox at
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Property MLS #BB24062286 from CRMLS
Appliances YN: Yes
Laundry Features: Dryer Included, Inside, Washer Hookup, Washer Included
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.1434803
Lot Size Source: Assessor
Lot Size Square Feet: 6250
Road Surface Type: Paved
Parking Features: Parking YN: Yes, Parking Features: Assigned
Parking Total: 13
Green Energy Generation: Solar
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 4
Total Bathrooms in Unit-2: 4
Total Bathrooms in Unit-3: 3
Total Bathrooms in Unit-4: 3
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 2
Maintenance Expense: 1600.00
Tenant Pays: All Utilities
Rent Control: Yes
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.31
Source Property Type: Residential Income
Exclusions: https://www.youtube.com/watch?v=Tcllxv_iWrI
Insurance Expense: 2656.00
Area: C20 - Hollywood
Source Neighborhood: C20 - Hollywood
New Taxes Expense: 45445.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 5534005012
Postal Code Plus 4: 2850
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $10,000 + $1,390,000 $1,400,000 | $16,604 |
| 2021 | $170,643 + $398,173 $568,816 | $6,955 |
| 2020 | $168,894 + $394,091 $562,985 | $7,024 |
| 2019 | $165,583 + $386,364 $551,947 | $6,749 |
| 2018 | $162,337 + $378,789 $541,126 | $6,722 |
| 2017 | $159,154 + $371,362 $530,516 | $6,579 |
| 2016 | $156,034 + $364,081 $520,115 | $6,422 |
| 2015 | $153,691 + $358,613 $512,304 | $6,329 |
| 2014 | $150,681 + $351,589 $502,270 | $6,362 |
| 2013 | $37,338 + $328,682 $366,020 | $4,716 |
| 2012 | $36,606 + $322,238 $358,844 | $4,778 |
| 2010 | $35,889 + $315,920 $351,809 | $4,646 |
| 2009 | $35,706 + $314,304 $350,010 | $4,474 |
| 2009 | $35,621 + $313,559 $349,180 | $4,474 |
| 2008 | $35,006 + $308,142 $343,148 | $4,285 |
| 2007 | $34,320 + $302,100 $336,420 | $4,146 |
$3,750,000
CRMLS
Price Changed 2024-05-13
$3,789,000
CRMLS
Listed 2024-04-17
$3,795,000
CRMLS
Listing removed 2024-04-12
$5,495
CRMLS
Listed for rent 2024-02-14
$5,495
CRMLS
Sold 2021-11-22
$1,400,000
TheMLSCLAW
Sold 2013-06-11
$500,000
Public Record
Sold 1990-06-15
$245,000
Public Record
Sold 1987-10-08
$180,000
Public Record
Year Built: 2024
Building Features: 2
Common Walls: No Common Walls
Direction Faces: North
Entry Level: 1
Entry Location: front
New Construction: Yes
Property Condition: Turnkey
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Quadruplex
House Style: Modern
Year Built Source: Builder
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.