4228 Dennison ST, Los Angeles, CA 90023
4228 Dennison ST, Los Angeles, CA 90023
4228 Dennison ST, Los Angeles, CA 90023
5
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$1,900,000
Est. payment /mo
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20 Beds
10 Baths
6,012 SqFt
New

4228 Dennison ST Los Angeles, CA 90023

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,012 sqft

Price per Sqft $316

MLS Listing ID 26994359

Bedrooms 20

HOA Y/N No

Year Built 1958

Lot Size 0.264 Acres

Property Description

We are pleased to present an excellent opportunity to acquire a 10-unit multifamily investment property in East Los Angeles, offering investors an attractive combination of strong in-place cash flow, historically high occupancy, desirable two-bedroom units, and a highly convenient location.The property features 2-bedroom apartment units with plenty of onsite parking, providing a functional and appealing setup for residents. The property's historically high occupancy demonstrates consistent rental demand, providing a solid foundation for continued income generation.From an investment standpoint, the property offers immediate cash flow with a current capitalization rate of over 7%, while the pro forma capitalization rate exceeds 11%, presenting investors with substantial potential upside. This combination of strong current returns and future income potential makes the property an attractive opportunity for investors seeking both cash flow and value creation.The property is also exceptionally well positioned for accessibility, with convenient access to the 5 and 710 Freeways, providing efficient connectivity throughout Los Angeles County. Additionally, the property is minutes from Downtown Los Angeles, placing residents within easy reach of major employment centers, entertainment, dining, shopping, and cultural destinations.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR4YY

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Assigned, Detached Carport, Uncovered

Total Parking Spaces 15

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5239019001

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Enrique Viramontes Remax Commercial and Investment Realty #01372010

NEARBY SCHOOL & BUSINESS

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Patrick Fossati

Patrick Fossati

Broker Associate License ID: 01907255

+1(805) 910-0463

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