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
Price:
$1,900,000
MLS #:
26994359
Status:
Active
Beds:
20
Baths:
10
Type:
Single Family
Neighborhood:
elaeastlosangeles
Listed Date:
Sep 29, 2026
Finished Sq Ft:
6,012
Total Sq Ft:
6,012
Lot Size:
11,491 sqft / 0.26 acres (approx)
Year Built:
1958
See this Listing
Schools
Interior
Heating
WL
Levels
U
Exterior
Parking Spots
15
Parking Total
15
Financial
Map
Community
- Address4228 Dennison ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90023
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Sep 29, 2026
9,153
Single Family Listed
85
Avg DOM
439
Avg $ / SqFt
$1,584,919
Avg List Price
Property Summary
- 4228 Dennison ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90023. It is listed for $1,900,000 and features 20 beds, 10 baths, and has approximately 6,012 square feet of living space, and was originally constructed in 1958. The current price per square foot is $316. The average price per square foot for Single Family listings in Los Angeles is $439. The average listing price for Single Family in Los Angeles is $1,584,919.
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