$1,125,000
SOLD MAY 21, 2025

4223 Degnan Blvd Los Angeles, CA 90008

Leimert Park Neighborhood
4 Beds
8 Baths
4,824 Sq Ft
5,501 Sq Ft Lot

Recently Sold

$233 Per Sq Ft

10% Below List Price

92 Days on Market

About This Home

As of May 2025

We are pleased to present an eight-unit multifamily investment opportunity at 4223 Degnan Blvd in the Baldwin Village submarket, located just south of Stocker St and half a mile from the Baldwin Hills Crenshaw Mall. Built in 1939, the subject property features a unit mix consisting of two bachelors, two singles, and four one-bedrooms; two of the one-bedroom units will be delivered vacant at the close of escrow; there are six parking garages at the rear of the property. Offered at a low $156,250 per unit and $259 PSF at the asking price, the majority of the units are leased at below-market rents, offering an investor the opportunity to achieve market rents over time as units turn and capture over 42% rental upside. First time the property has been available for sale since 1965; the asset's systems, exterior, and interiors have been well-maintained throughout the years; the property has a gated entrance in the front and small grass common area at the rear of the property between the building and parking garages. 4223 Degnan Blvd is extremely walkable, located just down the street from Leimert Park Plaza and an abundance of retail on Crenshaw Blvd; the property has a walk score of 92 with access to numerous Metro Local Lines as well as the Martin Luther King Jr stop along the K Line that serves the communities of West Adams, Jefferson Park, Baldwin Hills, Leimert Park, Hyde Park, Inglewood, and Westchester. Ideal rental submarket evidenced by the plethora of new developments in the area such as Leimert Park Village at 3450 43rd St, 4242 Crenshaw Blvd, and 5144 Crenshaw Blvd, all projects currently under construction. Central location with an easy commute throughout Los Angeles to destinations such as LAX, Inglewood, Downtown Los Angeles, Culver City, and Mid-City.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 01/29/2025

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 01/29/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,501 Sq Ft Lot

Parking

  • 6 Car Attached Garage

Interior Spaces

  • 4,824 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5024-014-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4824
  • Lot Acreage: 0.1263
  • Year Built: 1939
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 259.12

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 66.49
  • Assessed Improvement Value: 85302
  • Assessed Land Percent: 33.51
  • Assessed Land Value: 42993
  • Total Assessed Value: 128295
  • Assessor Parcel Number: 5024-014-007
  • Lot Size Area: 5501

Rental Info

  • Total Actual Rent: 105432.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.46
  • Number Of Units: 8
  • Total Annual Expense: 44606
  • Type Of Units: Apartments
  • Vacancy Rate: 2

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Sold $1,125,000 -10.0% $233 / Sq Ft
01/29/2025 01/29/25 For Sale $1,250,000 -- $259 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2025

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    89 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 25491441

The MLS

California Los Angeles County Los Angeles 90008 Leimert Park

4223 Degnan Blvd, Los Angeles, CA

This home is located at 4223 Degnan Blvd, Los Angeles, CA 90008 and is currently priced at $1,125,000, approximately $233 per square foot. This property was built in 1939. 4223 Degnan Blvd is a home located in Los Angeles County with nearby schools including Forty-Second Street Elementary School, Audubon Middle School, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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