4045 Dennison ST, Los Angeles, CA 90023
$1,295,900
Est. payment /mo
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8,032 Sqft Lot
New

4045 Dennison ST Los Angeles, CA 90023

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26118773

HOA Y/N No

Year Built 1955

Lot Size 8,032 Sqft

Property Sub-Type Quadruplex

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

Area Boyh - Boyle Heights

Zoning LCR4YY

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Parking Features Assigned

Garage Spaces 1.0

Carport Spaces 2

Garage Description 1.0

Pool None

Community Features Urban

Total Parking Spaces 14

Private Pool No

Building

Lot Description Corner Lot, Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5239005042

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Herbert Diaz PLF Real Estate Solutions 562-639-9636, DRE #01458024

NEARBY SCHOOL & BUSINESS

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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