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$ 1,599,900
Est. payment /mo
Price Dropped by $50K
4045 Dennison Street Los Angeles, CA 90023
9 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25142693
Bedrooms 9
Property Sub-Type Res Income 2-4 Units
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
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
Tax ID 5239005042
Listed by Herbert Diaz PLF Real Estate Solutions