$1,295,000

1240 S Muirfield Rd Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated payment $7,367/month

Total Views 132,501
3 Beds
3 Baths
1,582 Sq Ft
$819 Price per Sq Ft

Highlights

  • Paved or Partially Paved Lot
  • 1-Story Property
  • 1-minute walk to Queen Anne Recreation Center

About This Home

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.

Listing Agent

Alan Cruz

Equity Smart Real Estate Services Brokerage Phone: 661-932-5117 License #01518829 Listed on: 02/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,345

Year Built

  • Built in 1922

Lot Details

  • 4,840 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,582 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 18 / 6
  • Tax Tract Number 4139
  • Assessor Parcel Number 5083013020

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,679
  • Water Sewer Expense $1,293
  • Operating Expense $6,237
  • Gross Income $44,268
  • Net Operating Income $42,268

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,345

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 431667
  • Property Attached: Yes
  • Water Sewer Expenses: 1293.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5083013020
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: S Muirfield Rd
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 818.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level with Street, Paved
  • Lot Size Sq Ft: 4840.00
  • Lot Size Acres: 0.1111

Multi Family

  • Gross Income: 44268.00
  • Gross Scheduled Income: 44268.00
  • Insurance Expense: 1679.00
  • Lot Size Area: 4840.0000 Square Feet
  • Net Operating Income: 42268.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 6237.00
  • Rent Control: No
  • Total Expenses: 6237.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 2128.00
  • Tax Lot: 18
  • Tax Tract Number: 4139

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,345 $165,705 $116,005 $49,700
2023 $2,310 $162,457 $113,731 $48,726
2022 $2,217 $159,272 $111,501 $47,771
2021 $2,180 $1,236,680 $927,510 $309,170
2020 $2,198 $154,550 $108,195 $46,355
2019 $2,123 $151,521 $106,074 $45,447
2018 $2,028 $148,551 $103,995 $44,556
2016 $1,930 $142,784 $99,957 $42,827
2015 $1,905 $140,640 $98,456 $42,184
2014 $1,933 $137,886 $96,528 $41,358
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 For Sale $1,295,000 0.0% $819 / Sq Ft
02/18/2025 02/18/25 For Sale $1,295,000 -- $819 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $209,765 New Conventional
Previous Owner $245,000 Purchase Money Mortgage
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25035035

California Regional Multiple Listing Service (CRMLS)

APN: 5083-013-020

California Los Angeles County Los Angeles 90019 Miracle Mile

1240 S Muirfield Rd, Los Angeles, CA

This home is located at 1240 S Muirfield Rd, Los Angeles, CA 90019 and is currently priced at $1,295,000, approximately $818 per square foot. This property was built in 1922. 1240 S Muirfield Rd is a home located in Los Angeles County with nearby schools including Queen Anne Place Elementary, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior High School.

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

Nearby Homes
Listing Agent
Alan Cruz
Section Image
Equity Smart Real Estate Services
(661) 932-5117