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4045 Dennison St

East Los Angeles CA 90023

9
6
8032 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

**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.

Features

9 bedrooms
6 bathrooms
8032 sq. ft. lot size
Multi-Family

Property history for 4045 Dennison St

2017
Sold
$830,000
20 Oct 2017 by Herb Diaz

Happy sellers in East Los Angeles

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We have insufficient information to provide an overview of customer satisfaction for East Los Angeles. Viewing the agent profiles, reviews and sales for East Los Angeles can provide insights for this location.

Local market activity for 9 bedroom multi families in East Los Angeles

In the last 12 months, 2 nine-bedroom multi families similar to 4045 Dennison St, have been sold.

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