REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Herbert Diaz • PLF Real Estate Solutions
$ 1,599,900
Est. payment /mo
Price Dropped by $50K
4045 Dennison Street Los Angeles, CA 90023
3,649 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,649 sqft
Price per Sqft $438
MLS Listing ID DW-25142693
Year Built 1955
Lot Size 8,032 Sqft
Property Sub-Type Quadruplex
Property Description
Introducing 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. One unit will be delivered vacant, making it an ideal scenario for FHA buyers looking to offset their mortgage with rental income. All forms of financing will be considered, adding further accessibility to this standout opportunity. With a pro forma cap rate of 7.2 percent and a gross rent multiplier of 13, the property provides strong immediate cash flow and long-term potential. The expansive lot includes an impressive 12 parking spaces, a rare find in this area, and adds tremendous convenience and value to the asset. Zoned with potential under SB9, there is an opportunity for future lot split or development upside. Buyer to verify 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 and 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
Area Boyh - Boyle Heights
Zoning LCR4YY
Interior
Laundry Gas Dryer Hookup, Inside, Washer Hookup
Exterior
Parking Features Assigned
Garage Spaces 1.0
Pool None
Community Features Urban
Building
Lot Description Corner Lot, Front Yard
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944