Four-Unit Multifamily with 12
For Sale
$1,299,999
4045 Dennison Street, Los Angeles, CA 90023
Corner-lot quadplex configuration with a duplex and two detached homes, plus 12 parking spaces.
Property Size3,649 SF
Days on Market97
Property Features for 4045 Dennison Street
General Information
Standard status
Active
Size
3,649 SF
Total Parking Spaces
12
Property subtype
Quadruplex
Additional Details
Cap Rate
7.3%
Multifamily Units
4
Building Details
Building Size
3,649 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
PLF Real Estate Solutions
Listed By:
Herbert Diaz · License #01458024
(562) 639-9636
Source:
Archetyperealty
Added: Jun 1
Changed: Aug 28
Last Checked: Sep 5 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PLF Real Estate Solutions
Investment Insights
Based on property information with market context.
This four-unit income property is configured as a duplex plus two detached single-family residences, creating a layout that can support privacy and flexibility. The asset is situated on a corner lot and includes 12 parking spaces, a notable convenience for residents and tenants.
The seller’s materials reference an estimated cap rate of approximately 7.30% and a gross rent multiplier of approximately 11.04, based on current income and updated operating expense figures. The property is described as having potential under SB 9; buyers are directed to verify all zoning, development, and SB 9 possibilities with the City of Los Angeles.
As a result, this offering presents a straightforward four-unit portfolio with on-site parking capacity and a described pathway for buyers to evaluate future lot-split or development options, subject to city confirmation.
The seller’s materials reference an estimated cap rate of approximately 7.30% and a gross rent multiplier of approximately 11.04, based on current income and updated operating expense figures. The property is described as having potential under SB 9; buyers are directed to verify all zoning, development, and SB 9 possibilities with the City of Los Angeles.
As a result, this offering presents a straightforward four-unit portfolio with on-site parking capacity and a described pathway for buyers to evaluate future lot-split or development options, subject to city confirmation.
Key Highlights
- Four‑unit income property on a prominent corner lot with a duplex plus two detached single‑family residences
- Includes 12 parking spaces for tenant/guest parking
- Estimated cap rate of approximately 7.30% and estimated gross rent multiplier of approximately 11.04 based on current income and updated operating expenses
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Corner-lot quadplex configuration with a duplex and two detached homes, plus 12 parking spaces.
Where is this quadplex located?
The property is located at 4045 Dennison Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Four‑unit income property on a prominent corner lot with a duplex plus two detached single‑family residences; Includes 12 parking spaces for tenant/guest parking; Estimated cap rate of approximately 7.30% and estimated gross rent multiplier of approximately 11.04 based on current income and updated operating expenses
