1240 South Muirfield Road

Los Angeles, CA 90019

$1,295,000
Price
3
Beds
3
Baths
1,582 Sq. Ft.
$819 / Sq. Ft.
1,582
Sq. Ft.
$819
per Sq. Ft.

Description

New roof has been installed! This is a perfect investment opportunity! Welcome to 1240 Muirfield Ave, situated in Hancock Park- Mid City. It features 3 Units that can produce a substantial amount of rental income due to its location. All Three units are each 1 bedroom, one bathroom, with 3 Car Garages. All units are in good condition, painted all well-maintained. Centrally located, minutes away from The Beverly Center. Near restaurants, shopping centers, supermarkets, freeways, schools, museums,...New roof has been installed! This is a perfect investment opportunity! Welcome to 1240 Muirfield Ave, situated in Hancock Park- Mid City. It features 3 Units that can produce a substantial amount of rental income due to its location. All Three units are each 1 bedroom, one bathroom, with 3 Car Garages. All units are in good condition, painted all well-maintained. Centrally located, minutes away from The Beverly Center. Near restaurants, shopping centers, supermarkets, freeways, schools, museums, theaters, and most importantly it is less than a 10-20 min drive to DTLA and to the beaches. 2 additional ADUs may be built on the property, per Dept of Public & Safety. Property is part of a 4 units portfolio: 5144 W 21st St, Los Angeles, CA 90016, 2720 S Sycamore Ave, Los Angeles, CA 90016 & 1121 5th Ave, Los Angeles, CA 90019.
  1. Listed by Alan Cruz • DRE #01518829 • Brokerage DRE #01906808 • Equity Smart Real Estate Services • 661-932-5117

Property Details for 1240 South Muirfield Road

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1582
Assessor Parcel Number
5083-013-020
Property Attached YN
true
LISTING UPDATED: 12/24/2024 11:46 PM

Property Details for 1240 South Muirfield Road

StatusActive
MLS #PW24170038
Days on Market136
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.11 AC / 4,840 SF
CountyLos Angeles County

Building Information for 1240 South Muirfield Road

Stories1Residences-Year Built1922Building Size-Lot Size0.11 AC / 4,840 SF

Property Information for 1240 South Muirfield Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $39,600
  • Net Operating Income: $36,600
Expense Details
  • Operating Expense: $3,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $5,000
  • Trash Expense: $1,000
  • Water Sewer Expense: $3,600
  • Total Expenses: $9,000
Tax / Assessment Info
  • Tax Block: 6
  • Tax Tract Number: 4139
  • Tax Census Tract: 2128.00
  • CFD/Mello-Roos Fee: $2,217
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: South Muirfield Rd
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1240 South Muirfield Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1240 South Muirfield Road

Taxable ValueLand$116,005Additions$49,700Total$165,705
Tax Record2024$2,345 ($195 / month)
Home Facts
Total Finished SqFt1,582 SqFtAbove Grade Finished SqFt1,582 SqFtLot Size4,840 SqFtStyleTriplexYear Built1922ZoningLAR2CountyLOS ANGELESAPN5083-013-020

Schools near 1240 South Muirfield Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Queen Anne Place Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1240 South Muirfield Road is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on August 16, 2024 by Equity Smart Real Estate Services, it's currently listed at $1,295,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Queen Anne Place Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 1240 South Muirfield Road is a 3-bed, 3-bath, 1,582 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Smart Real Estate Services, Alan Cruz, DRE #01518829

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.