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4228 Dennison Street, Los Angeles, CA 90023

Los Angeles
Local realty services provided by:CENTURY 21 Affiliated
4228 Dennison Street,Los Angeles, CA 90023
$1,900,000
  • 20 Beds
  • 10 Baths
  • 6,012 sq. ft.
  • Multi-family
  • Active
Listed by: enrique viramontes
Office: remax commercial and investment realty213-817-1000
MLS#:26994359
Source:CRMLS

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$316.03

About this home

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...

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Home facts

  • Year built:1958
  • Listing ID #:26994359
  • Added:20 day(s) ago
  • Updated:October 20, 2026 at 11:35 AM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:10
  • Living area:6,012 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1958
  • Building area:6,012 sq. ft.
  • Lot area:0.26 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$316.03

Parking

  • Total parking spaces:15
  • Parking description:Assigned, Detached Carport, Uncovered
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