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$ 1,299,999
Est. payment /mo
New
4045 Dennison Street Los Angeles, CA 90023
9 Beds
6 Baths
8,032 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26118773
Bedrooms 9
Lot Size 8,032 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
**Massive price reduction!** 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 investment properties in Los Angeles.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Take 5 freeway exit Indiana to Dennison
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5239005042
Acceptable Financing Conventional, Exchange, FHA, VA
Listing Terms Conventional, Exchange, FHA, VA
Listed by Herbert Diaz, DRE#01458024 PLF Real Estate Solutions