5
See all 5 photos
$1,900,000
Est. payment /mo
20 Beds
10 Baths
6,012 SqFt
New
4228 Dennison ST Los Angeles, CA 90023
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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
Listed by Enrique Viramontes Remax Commercial and Investment Realty #01372010
NEARBY SCHOOL & BUSINESS
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