6212 Banner Avenue, Los Angeles, CA 90038

$1,300,000 Asking Price

2 beds
1 bath
1,168  sqft
Built in 1911

ATTENTION: DEVELOPERS, BUILDERS, ARCHITECTS and INVESTORS!! This is the chance you’ve been waiting for! Located in the heart of Hollywood and ZONED LARD 1.5, this property offers endless potential for redevelopment. Currently featuring a single-family home, the lot presents the perfect canvas for adding multiple dwellings or creating a high-yield investment project. Take advantage of the FLEXIBLE ZONING to subdivide the lot and maximize income potential! Surrounded by new developments on the same block, this is a rare opportunity to acquire a property with significant upside in one of the most sought-after areas of the city. Don’t let this unique opportunity pass you by—expand your portfolio and capitalize on the future of Hollywood!


Features & Amenities

Interior

Laundry:
None
Flooring:
Wood
A/C:
false, None
Heating:
false, None
Fireplace:
None
Disability Feature:
None

Exterior

Pool:
None
Parking:
Parking spaces: 0

Construction

General:
1

Location

HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Call Listing Office
County:
Los Angeles

Lot

Zoning:
LARD1.5, 5534005010
View:
Neighborhood, View

Utilities

Utilities:
None
Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
Pinnacle Estate Properties, Inc., Racquel Wilder

About Los Angeles, CA

Housing

Number of Units
906,276
Median Home Value
$764,749
Median Rent
$1,399

71.58% of housing units are renter occupied.

6.82% are vacant.

Commute

Car
56.67%
Public Transportation
8.41%
Walk to Work
3.27%
Work from Home
29.71%
Other
1.00%

The median travel time to work is 25 minutes.

People

Population
2,373,885
Median Age
35.80
Median Household Size
2.78

Education

High School
18.57%
Associate’s Degree
5.55%
Bachelor’s Degree
22.72%
Graduate Degree
12.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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