tomo logo

$1,495,000

Beds
2
Baths
1.0
sq ft
1,168

6212 Banner Ave, Los Angeles, CA 90038

6212 Banner Ave

Los Angeles, CA 90038

  • 154 days on market
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!

Details

Property type

Single Family Residence

Est. home value

$1,529,584

Lot size

6,225 sq ft

Price per sq ft

$1,280

Year built

1911

HOA

No

Price History

02/11/2025
CRMLS

CRMLS #SR24204809

Listed
$1,495,000
02/07/2025
CRMLS

CRMLS #SR24204809

Pending
$1,495,000
02/01/2025
CRMLS

CRMLS #SR24204809

Price change
$1,495,000
+15%

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

High school district: 

Call Listing Office

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of The West

Loan start date

January 2022

Original loan amount

$960,000

Est. remaining balance

Not provided

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Soghrat Khorsandi and Mahboubeh Loyodin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CLAW
$1,690,000
2 bd
|
1 ba
|
House

1240 Greenacre Ave, West Hollywood, CA 90046

CLAW
$1,595,000
2 bd
|
2 ba
|
1,461 sq ft
|
House

2300 Vasanta Way, Los Angeles, CA 90068

CLAW
$1,525,000
2 bd
|
3 ba
|
1,728 sq ft
|
Townhouse

1400 N Fuller Ave Unit 19, Los Angeles, CA 90046

Status: Active

Tomo last checked: 03/06/2025 at 4:55 PM

Listing updated: 02/11/2025 at 3:15 PM

Listed by: Racquel Wilder, Pinnacle Estate Properties, Inc. Phone #: (661) 705-3200

MLS: CRMLS #SR24204809

CRMLS logo

Recently listed in Los Angeles