$1,299,999
For Sale by Owner
Listed 3 months ago

9BR Multi-Family for Sale in Los Angeles, CA

4045 Dennison St, Los Angeles, CA 90023
9 Beds
6 Bath
Built 1955
PropSlick Verified Data Key facts & insights for this exact address
1955
Year Built
$13,930
Property Tax / yr
8,032 sf
Lot Size
1
Garage Spaces
Los Angeles
County

Key Facts

Property TypeMulti-Family
Year Built1955
Lot Size8,032 sq ft
Garage Spaces1
Annual Property Tax$13,930

Property Description

**Massive price reduction!**FHA/VA WELCOMED OWNER-OCCUPANT OPPORTUNITY 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.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Washer/Dryer

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

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