10-Unit Apartment
4228 Dennison St, Los Angeles, CA 90023
For Sale
$1,845,000
Residential Income, Los Angeles, CA
Property Size6,012 SF
Lot Size0.26 Acres
Price / SF$306.89
Days on Market47
Property Features for 4228 Dennison St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Enrique Viramontes · License CA #01372010
(213) 233-4363
Added: Sep 29
Changed: Nov 2
Last Checked: Nov 14 at 8:06PM
MLS# 26994359
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 10-unit apartment property contains two-bedroom residences and totals 6,012 square feet on a 0.2637-acre parcel. Built in 1958, the building has window-unit cooling and covered, assigned carport parking. The property is zoned LCR4YY. Historical occupancy is described as high; the current capitalization rate is over 7%, with a pro forma rate exceeding 11%.
At 4228 Dennison St in Los Angeles, the property has access to the 5 and 710 Freeways and is minutes from Downtown Los Angeles. These connections place the site within the broader Los Angeles County transportation network.
At 4228 Dennison St in Los Angeles, the property has access to the 5 and 710 Freeways and is minutes from Downtown Los Angeles. These connections place the site within the broader Los Angeles County transportation network.
Key Highlights
- 10 apartments, each with two bedrooms
- 6,012 square feet on a 0.2637‑acre parcel
- Current capitalization rate over 7%; pro forma capitalization rate exceeds 11%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,738
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,934,760
$1.9M
Cap Rate 7%
$1,381,971
$1.4M
Cap Rate 9%
$1,074,867
$1.1M
Market Conditions
NOI Build-Up for 6,012 SF
Gross rent
$191.2K $31.80/SF
− Vacancy
−$15.3K −$2.54/SF
EGI
$175.9K $29.26/SF
− OpEx
−$79.1K −$13.17/SF
NOI
$96.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,934,760
Cap Rate 7%
$1,381,971
Cap Rate 9%
$1,074,867
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,738 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,706 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,140
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
$617,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten two-bedroom residences include covered, assigned carport parking for tenants.
Where is this apartment building located?
The property is located at 4228 Dennison St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: 10 apartments, each with two bedrooms; 6,012 square feet on a 0.2637‑acre parcel; Current capitalization rate over 7%; pro forma capitalization rate exceeds 11%
