4021 Degnan Boulevard, Los Angeles, California 90008, Los Angeles, 90008 - 4 bed, 2 bath
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Los Angeles, California 90008
This Single Family Residence presents a Prime Investment Opportunity with a List Price of $985,500—positioned well below the $1,015,090 Fair Market Value by 2%. This valuation gap offers $29,590 in Instant Equity. Featuring a Condition Rating of 4, the property includes modern infrastructure like central HVAC, while the 7,836 sqft lot and detached flex space offer significant ADU potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth in Leimert Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4021 Degnan Boulevard Subject | $985,500* List Price | 4 | 2 | 1,491 | $681 | - |
A 4122 S Bronson Avenue Sold | $920,000 | 3 | 2 | 1,729 | $532 | 0.1 mi |
B 3810 Olmsted Avenue Sold | $890,000 | 3 | 2 | 1,692 | $526 | 0.5 mi |
C 3953 Somerset Drive Sold | $1,050,000 | 3 | 3 | 1,886 | $557 | 0.5 mi |
D 4166 4th Avenue Sold | $875,000 | 2 | 1 | 1,466 | $597 | 0.6 mi |
E 3887 Roxton Sold | $875,000 | 2 | 1 | 1,571 | $557 | 0.6 mi |
F 3861 S Norton Avenue Sold | $900,000 | 3 | 2 | 1,732 | $520 | 0.3 mi |
G 4181 Arlington Avenue Sold | $740,000 | 3 | 3 | 1,020 | $725 | 0.8 mi |
H 3815 Welland Avenue Sold | $1,075,000 | 3 | 3 | 1,902 | $565 | 0.5 mi |
I 3871 Grayburn Active | $975,000 List Price | 3 | 1 | 1,513 | $644 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home features essential system upgrades including central HVAC and updated electrical/plumbing, the cosmetic condition is dated. The bathroom retains vintage tiling and the kitchen/flooring appear to be from a renovation older than 20 years, requiring modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7836, living area = 1491.
The property features a detached garage with an attached flex room, providing an ideal setup for a home office or creative studio, while offering significant potential for an ADU conversion to generate rental income.
Despite its 1938 charm, the home is equipped with essential modern updates including central heating and AC, updated electrical and plumbing, and newer windows, ensuring efficiency and reducing immediate maintenance costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned public schools for this address currently hold low performance ratings, which may be a significant consideration for families prioritizing the local public education system.
With four bedrooms configured within 1,491 square feet, the individual room sizes may feel restrictive compared to more modern floor plans, potentially limiting furniture arrangements and spaciousness.
Enjoy this inviting and maintained home offering timeless character, thoughtful updates, and an exceptional lifestyle in one of LA's most vibrant cultural communities. Step through the inviting foyer into a spacious living room anchored by a charming decorative fireplace, creating a warm and welcoming setting for both everyday living and effortless entertaining. The formal dining room provides the perfect setting for intimate dinners and lively gatherings, while the well-appointed kitchen comes complete with all appliances, including a washer and dryer for added convenience. Additional highlights include central heating and AC, updated electrical and plumbing, and newer windows, offering comfort, efficiency, and peace of mind. Set on an expansive 7,800 lot, the outdoor space is a true retreat featuring mature orange trees, generous yard space, and endless possibilities for entertaining, gardening, or future expansion. The detached garage +attached flex room ideal for a home office/gym/yoga/creative studio, or workshop, while also presenting an outstanding opportunity for an ADU perfect for multigenerational living, guests, or potential rental income. Whether you're searching for a place to call home or an investment in one of LA's most treasured neighborhoods, this exceptional property offers character, comfort, and incredible potential all in an unbeatable location and priced to sell! Discover the historic charm and cultural richness of Leimert Park, one of LA's most distinctive neighborhoods. Known for its tree-lined streets, landscaped parkways, and beautiful homes, Leimert Park blends timeless character with modern convenience. A celebrated center for art, music, and community, Leimert Park Village offers galleries, restaurants, live performances, and cultural events, including the renowned Leimert Park Art Walk. Enjoy nearby cafes, boutiques, the Stocker Corridor Trail, and Kenneth Hahn State Recreation Park, with easy access to DTLA, USC, Culver City, the Westside, SoFi Stadium, and beyond. Stop by our Open House or contact us for a private viewing.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,491 | 1,672 |
| Lot Size | 7,836 | 6,067 |
| Price | $985.5K | $1.37M |
| Price per sq ft | $661 | $801 |
| Built year | 1938 | 1939 |
| HOA | $0 | $348 |
| Days on market | 2 | 56 |
Jul 21, 2026
$985,500
Initial Listing