J
Seller's Agent in 2018
Joshua Cohen
Keller Williams South Bay
4204 Degnan Blvd Los Angeles, CA 90008
Leimert Park Neighborhood
8
Beds
7
Baths
5,815
Sq Ft
1930
Built
Highlights
- Property is near public transit
- Laundry Room
- Landscaped
- Corner Lot
About This Home
As of April 2018It is very rare to find an investment real estate opportunity in the picturesque, beautiful and historic neighborhood of Leimert Park. 4204 Degnan Boulevard is in the heart of Leimert Park on the corner of Degnan and Stocker. Situated on a 6,969 sf lot, the offering boasts an outstanding unit mix of three, 2 Bedroom/1 Bath units, two 1 Bedroom/1 Bath units, and two studios. There are 6 gas and electric meters. The 2 studio units' gas and electricity are paid by the landlord (however these utilities can be billed to the tenants). There are 6 enclosed garages and an on-site storage area for bicycles and other items. Units are spacious and beautifully laid out. Many feature attractive hardwood flooring, large windows, dining areas and 3 of the units have their own large balconies. The bathrooms and kitchens boast charming tile work that is very appealing to today’s discerning renter. Some bathrooms have both a bathtub and shower stall. 5 of the units are plumbed for washer/dryers units inside the apartment. For a potential investor, this investment has it all! It is in a terrific location that is currently undergoing dramatic revitalization and experiencing a re-gentrification renaissance. It is just blocks from a soon-to-be brand new metro station which will afford tenants the ability to travel throughout LA. 4204 Degnan is sure to be the perfect fit for any prospective investor, it's large, charming units have solid cash flow, yet can also sustain 32% or more upside potential!
Last Agent to Sell the Property
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 03/09/2018
Last Buyer's Agent
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 03/09/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 6,969 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Corner Lot
Parking
- 6 Car Garage
Home Design
- 5,815 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tax Lot 150
- Tax Tract Number 10023
- Assessor Parcel Number 5024024030
Community Details
Overview
- 7 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1
- Fuel Expense $1
- Insurance Expense $1
- Professional Management Expense $1
- Trash Expense $1
- Water Sewer Expense $1
- New Taxes Expense $1
- Operating Expense $43,197
- Gross Income $105,473
- Net Operating Income $61,367
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2018 04/10/18 | Sold | $1,375,000 | -1.4% | $236 / Sq Ft |
| 03/23/2018 03/23/18 | Pending | -- | -- | -- |
| 03/09/2018 03/09/18 | For Sale | $1,395,000 | -- | $240 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18055443
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