Los Angeles, CA 90008,4223 Degnan BLVD
Los Angeles, CA 90008,4223 Degnan BLVD
Los Angeles, CA 90008,4223 Degnan BLVD
Los Angeles, CA 90008,4223 Degnan BLVD
Los Angeles, CA 90008,4223 Degnan BLVD
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Nick Resendez

Nick Resendez

+1(714) 271-2565
$ 1,250,000
Est. payment | /mo

4 Beds

8 Baths

4,824 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

4 Beds

8 Baths

4,824 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,824 sqft

Price per Sqft $259

MLS Listing ID 25491441

Bedrooms 4

HOA Y/N No

Year Built 1939

Lot Size 5,501 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR1

Interior

Heating None

Cooling None

Fireplace No

Exterior

Total Parking Spaces 6

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5024014007

Special Listing Condition Standard

CRMLS – RECore
Listed by Neema Ahadian Marcus & Millichap

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Wilder's Preparatory Academy Charter

    Public | KG - 5

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 7

    Baldwin Hills Elementary School

    Public | KG - 5

  • 7

    New Heights Charter

    Public | KG - 8

  • 6

    Marvin Avenue Elementary

    Public | KG - 5

  • 6

    Cienega Elementary School

    Public | KG - 5

  • 6

    Kipp Empower Academy

    Public | KG - 4

  • 6

    Menlo Avenue Elementary

    Public | KG - 5

  • 5

    La Tijera K-8 Academy of Excellence

    Public | KG - 8

  • 5

    City Charter Elementary School

    Public | KG - 5

  • 5

    Celerity Nascent Charter

    Public | KG - 8

  • 5

    Kipp Academy of Opportunity

    Public | 5 - 8

  • 5

    74th Street Elementary School

    Public | KG - 5

  • 5

    Bright Elementary School

    Public | KG - 5

  • 5

    Kipp Scholar Academy

    Public | 5 - 8

  • 5

    Los Angeles Elementary

    Public | KG - 5

  • 4

    Crescent Heights Blvd School

    Public | KG - 5

  • 4

    Saturn Street Elementary

    Public | KG - 5

  • 4

    Windsor Hills Elementary

    Public | KG - KG

  • 4

    Centinela Elementary School

    Public | KG - 6

Middle Schools 20
  • 8

    Los Angeles Center for Enriched Studies

    Public | 6 - 12

  • 8

    Wilder's Preparatory Academy Charter Middle School

    Public | 6 - 8

  • 6

    New los Angeles Charter

    Public | 6 - 8

  • 6

    Alliance Ouchi-O'Donovan 6-12 Complex

    Public | 6 - 12

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 2

    Grace Hopper STEM Academy

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Crozier Elementary School

    Public | 7 - 8

  • 1

    Audubon Middle School

    Public | 6 - 8

  • 1

    View Park Preparatory Accelerated Charter Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 1

    Horace Mann Junior High School

    Public | 6 - 8

  • 1

    Barack Obama Global Preparation Academy

    Public | 6 - 8

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

  • 1

    Berendo Middle School

    Public | 6 - 8

  • 1

    John Muir Middle School

    Public | 6 - 8

  • 0

    Urban Village Middle School

    Public | 6 - 8

  • 0

    Alliance College-Ready Middle Academy No. 7

    Public | 6 - 8

  • 0

    Frederick Douglass Academy Middle School

    Public | 6 - 8

High Schools 19
  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 6

    Crenshaw Arts-Technology Charter High School

    Public | 9 - 12

  • 5

    View Park Preparatory Accelerated High School

    Public | 9 - 12

  • 5

    Alliance Renee and Meyer Luskin Academy High School

    Public | 9 - 12

  • 2

    Augustus F. Hawkins High School - Critical Design and Gaming

    Public | 9 - 12

  • 1

    Dorsey High School

    Public | 9 - 12

  • 1

    Crenshaw Magnet High School

    Public | 9 - 12

  • 1

    Manual Arts High School

    Public | 9 - 12

  • 1

    West Adams Preparatory High School

    Public | 9 - 12

  • 1

    Augustus F. Hawkins High School - Community Health Advocates

    Public | 9 - 12

  • 1

    Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

    Public | 9 - 12

  • 0

    Mesivta Birkas Yitzchok

    Private | 9 - 12

  • 0

    View Park Continuation

    Public | 9 - 12

  • 0

    St Mary's Academy

    Private | 9 - 12

  • 0

    Slauson Learning Center 1

    Private | 9 - 12

  • 0

    Whitney Young Continuation

    Public | 9 - 12

  • 0

    Academy of Science and Engineering

    Public | 9 - 12

  • 0

    Bishop Conaty-Our Lady of Loretto High School

    Private | 9 - 12

  • 0

    Loyola High School

    Private | 9 - 12

School and business data provided by Attom Data.
Nick Resendez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 271-2565

nick.resendez@gmail.com

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4223 Degnan BLVD