Los Angeles, CA 90008
It 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 todays 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!
Josh Cohen with Keller Williams Beach Cities
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