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PermitPathLA

$1,900,000

Active

4228 Dennison Street · Los Angeles, CA, 90023

20
bd
10
ba
6,012
sqft
11,491 (0.26ac)
lot

About this property

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.

Property details

Property type
Residential income
Structure
—
Levels
Two
Year built
1958
Garage
—
Parking total
15
On market
2026-09-29
Days on market
0
Common walls
—
MLS #
26994359
APN
5239019001

Interior

Heating
Wall furnace

Exterior & lot

Parking
Assigned, detached carport, uncovered

Listing credit

Listed by: Enrique Viramontes, Remax Commercial and Investment Realty · 213-233-4363

Displayed by: Yair Harpaz, Harpaz Realty (CA DRE# 01156491)

Information from California Regional Multiple Listing Service, Inc. as of today. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including measurements and calculations of area, is obtained from various sources and has not been verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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