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Listed by Herbert Diaz, DRE #01458024 • PLF Real Estate Solutions
$1,299,999
Est. payment /mo
8,032 Sqft Lot
Active
4045 Dennison ST Los Angeles, CA 90023
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW26118773
Year Built 1955
Lot Size 8,032 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
**Massive price reduction!**FHA/VA WELCOMED OWNER-OCCUPANT OPPORTUNITY 4045 Dennison Street, an exceptional four-unit investment opportunity situated on a prominent corner lot in the heart of Los Angeles. This income-generating property features a unique layout consisting of a duplex and two detached single-family residences, offering both privacy and flexibility for owner-occupants or savvy investors. Based on the current income and updated operating expense figures, the property reflects an estimated cap rate of approximately 7.30% and a gross rent multiplier of approximately 11.04, demonstrating strong income potential and attractive long-term upside. The expansive lot includes an impressive 12 parking spaces, a rare find in this area, adding tremendous convenience and value to the asset. Zoned with potential under SB 9, the property may offer future lot split or development upside. Buyer to verify all zoning, development, and SB 9 possibilities with the city. Perfectly positioned near key transportation corridors, major employment hubs, and vibrant neighborhoods, 4045 Dennison Street is a well-located, high-performing asset with flexible income, financing appeal, and future development potential. Do not miss your chance to secure one of the most versatile and strategic invest
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry Gas Hookup, 30, Other
Exterior
Parking Features Assigned Spaces
Garage Spaces 14.0
Pool None
Building
Water District - Public
Others
Tax ID 5239005042
Special Listing Condition Not Applicable
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