6239 Banner Ave, Los Angeles, CA 90038

Partners CRE is proud to exclusively present for sale a Development / Investment opportunity in Hollywood! Existing building is a Duplex that can be delivered VACANT at the close of Escrow. Front unit is a 3 bedroom unit that has been owner occupied for many years, and the back unit is a one bedroom unit that has been rented but can be delivered vacant. No Ellis Act to worry about. Property features LARD1.5-1XL zoning in a Tier 3 TOC which allows for up to 4 units by right and 2 ADU's for a total of 6 units. Proposing a 100% Affordable Housing Project can yield even higher density utilizing AB2345. Just under a mile to the Metro Red Line Subway Station, and blocks to Hollywood Forever, this property boasts a Walker's Paradise designation by Walk Score, with Good Transit and it is Very Bikeable. With a walk score of 97 this Walker's Paradise designation, this is among the most in-demand neighborhoods by younger professionals.