6047 Dennison, Los Angeles, California 90022, Los Angeles, 90022 - 0 bed, 0 bath
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Los Angeles, California 90022
This Value-Add Quadruplex Asset offers a strategic entry into the Montebello-adjacent market, listed at $1,250,000 alongside a $1,118,206 Fair Market Value. While the price reflects the unfinished state, the Estimated ARV of $1,450,000 signals substantial upside for those completing the renovation. With a Condition Rating of 5, the project requires finishing major systems but benefits from four units delivered vacant and significant ADU Conversion Potential via the four garages. This is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors looking to maximize rental yield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6047 Dennison Subject | $1,250,000* List Price | 0 | 0 | 3,491 | $320 | - |
A 537 Bradshawe Avenue Active | $1,175,000 List Price | 0 | 0 | 3,384 | $347 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Although the property shows signs of recent partial renovation with modern laminate flooring, shaker-style kitchen cabinets, and updated bathrooms with contemporary fixtures, it is classified as a 'fixer' in an unfinished state. According to the listing, major essential systems including main electrical panels, water heaters, and space heaters are missing or incomplete. Additionally, exterior images reveal significant wall damage and exposed framing, making the property currently uninhabitable and suitable only for cash or hard money investors.
All four units are delivered vacant, providing a rare opportunity for immediate renovation and the ability to set market-rate rents without the complications of tenant relocation or rent control restrictions.
The property includes four garages that offer the potential for conversion into Accessory Dwelling Units (ADUs), allowing an investor to significantly increase the unit count and total rental yield.
With an estimated After Repair Value (ARV) of $1,450,000 and a price reflecting unfinished work, this property offers a clear path for value-add investors to capture substantial equity through completion.
The property requires significant capital expenditure to complete essential systems, including main electrical panels, water heaters, and space heaters, in addition to general cosmetic finishing.
Due to its 'as-is' condition and unfinished state, the property is restricted to cash or hard money buyers, limiting the pool of potential purchasers to those with high liquidity.
FIXER OPPORTUNITY | VALUE-ADD 4-UNIT Rare investor opportunity in Montebello. All 4 units delivered vacant, allowing immediate renovation and ability to set market rents. Estimated ARV of $1,450,000 with a $175,000 price reduction reflecting unfinished work. Property requires completion, including main electrical panels, water heaters, and space heaters, plus general finishing. Ideal for fix & flip, buy & hold, or income-producing rental. Potential to convert 4 garages into ADUs (buyer to verify). Property sold as-is. Cash or hard money preferred.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,491 | 1,892.5 | 93% |
| Lot Size | 6,500 | 6,351 | 71% |
| Price | $1.25M | $759.0K | 93% |
| Price per sq ft | $358 | $411 | 14% |
| Built year | 1930 | 1929 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 239 | 7% |
Apr 8, 2026
$1,250,000
Initial Listing
Nov 13, 2024
$1,025,000
Public Record
Nov 13, 2024
$833,500
Public Record