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$1,299,999
 $6,979 est/mo Sourced by Back At You

4045 Dennison Street,Los Angeles, CA 90023

Los Angeles, CA 90023

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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.

Details

MLS #DW26118773
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site87
Listing Provided ByPLF Real Estate Solutions | Herbert Diaz

Features

SQ Feet3,649
Garage1
Car PortYes
Story(s)2
Units4
Building(s)3
ZoningLCR4YY
Acreage0.18

Exterior

Lot FeaturesCorner Lot, Front Yard

Parking

Parking FeaturesAssigned
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90023
AreaBOYH Boyle Heights
Listing VS Median (in 90023)
Price:
$1,299,999
low | high
Med:
$754,450
91.965339973338% of Average
sqft:
3,649
low | high
Med:
2,270
87.791175664566% of Average
$ / sqft:
$356
low | high
Med:
$350
51.782129886898% of Average
On site:
87
low | high
Med:
74
100% of Average
Sourced by Back At You

Market Activity 90023

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90023
AreaBOYH Boyle Heights
Listing VS Median (in 90023)
Price:
$1,299,999
low | high
Med:
$754,450
91.965339973338% of Average
sqft:
3,649
low | high
Med:
2,270
87.791175664566% of Average
$ / sqft:
$356
low | high
Med:
$350
51.782129886898% of Average
On site:
87
low | high
Med:
74
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $974K - $1.624M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
1231 S Rowan Avenue Property Photo 1
$1,490,000
1231 S Rowan Avenue
Los Angeles, CA 90023
Listing Updated: August 21, 2026 at 11:02:03 PM PDT

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