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$1,900,000
New Listing

4228 Dennison Street
Los Angeles, CA 90023

For Sale|Residential Income|Active
20
Beds
10
Total Baths
6,012
SqFt
$316
/SqFt
1958
Built
County:
Los Angeles
Listed by Enrique Viramontes of Remax Commercial and Investment Realty [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

4228 Dennison Street4228 Dennison Street4228 Dennison Street4228 Dennison Street
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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.

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Listing Snapshot
Price 
$1,900,000
Days On Site 
0 Days
Bedrooms 
20
Inside Area (SqFt) 
6,012 sqft
Total Baths 
10
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2638 Acres
Year Built 
1958
MLS® Number 
26994359
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 hours agoListing updated with changes from the MLS®
13 hours agoListing first seen on site
General Features
Acres 
0.2638
Levels 
Two
Number Of Stories 
2
Parking 
AssignedDetached Carport
Parking Spaces 
15
Special Circumstances 
Standard
SqFt Total 
6012
Zoning 
LCR4YY
Interior Features
Heating 
Wall Furnace
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Community Features
MLS Area 
ELA - East Los Angeles


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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