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$1,295,000   Price Analysis
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1240 S Muirfield Rd
Los Angeles, CA 90019
3 bed 3 bath 1,582 SqFt ($818/SqFt)
4,840SqFt lot. Built 1922
Listed 2023-12-27, Taxes $2,216
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Pristine 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 additinal ADUs may be built on the property, per Dept of Public and 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 and 1121 5th Ave, Los Angeles, CA 90019.


Presented by Alan Cruz at
Equity Smart Re Services.


Property MLS #PW23230473 from CRMLS

Bedrooms: 3

Full Bathrooms: 3

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.1111111
Lot Size Source: Assessor
Lot Size Square Feet: 4840

Garage Spaces: 3
Parking Total: 3

Number of Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1

Rent Control: Yes

Community Features: Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 5000.00
Area: C18 - Hancock Park-Wilshire
Source Neighborhood: C18 - Hancock Park-Wilshire
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 5083013020
Postal Code Plus 4: 3039
Trash Expense: 1000.00
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$47,771 + $111,501
$159,272
$2,216
2021$309,170 + $927,510
$1,236,680
$2,180
2020$46,355 + $108,195
$154,550
$2,197
2019$45,447 + $106,074
$151,521
$2,122
2018$44,556 + $103,995
$148,551
$2,028
2017$43,683 + $101,956
$145,639
$1,989
2016$42,827 + $99,957
$142,784
$1,930
2015$42,184 + $98,456
$140,640
$1,904
2014$41,358 + $96,528
$137,886
$1,933
2013$41,172 + $96,092
$137,264
$1,927
2012$40,365 + $94,208
$134,573
$1,951
2010$39,574 + $92,361
$131,935
$1,925
2009$39,373 + $91,889
$131,262
$1,854
2009$39,279 + $91,671
$130,950
$1,854
2008$38,601 + $90,088
$128,689
$1,784
2007$37,845 + $88,322
$126,167
$1,724

Listed 2023-12-27
$1,295,000
CRMLS
Listing removed 2023-12-16
$0
CRMLS
Listed 2023-08-30
$1,295,000
CRMLS
Listing removed 2023-08-12
$0
CRMLS
Listed 2023-06-08
$1,295,000
CRMLS
Listing removed 2023-02-07
$0
CRMLS
Listed 2022-11-26
$1,295,000
CRMLS
Listing removed 2011-10-31
$450,000
SoCalMLS
Listing removed 2011-10-31
$450,000
ITECH
Price Changed 2011-04-27
$450,000
SoCalMLS
Price Changed 2011-02-27
$440,000
SoCalMLS
Price Changed 2011-01-15
$435,000
SoCalMLS
Price Changed 2010-12-20
$415,000
SoCalMLS
Price Changed 2010-10-21
$440,000
SoCalMLS
Listed 2010-08-20
$450,000
ITECH
Listed 2010-08-20
$450,000
SoCalMLS
Listing removed 2010-07-23
$490,000
ITECH
Listed 2010-04-23
$490,000
ITECH
Listing removed 2009-10-14
$585,126
ITECH
Listed 2009-04-14
$585,126
ITECH
Listing removed 2005-10-07
$700,000
ITECH
Listed 2005-06-05
$700,000
ITECH
Listing removed 2000-08-21
$289,000
ITECH
Listed 2000-05-19
$289,000
ITECH
Sold 1982-11-12
$29,000
Public Record
Sold 1977-03-04
$30,000
Public Record

Net Operating Income: 36600.00

Total Square Feet Living: 1582
Year Built: 1922
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: South Muirfield Rd
Property Age: 102
Property Attached: Yes
Building Total Stories: 1
Structure Type: Triplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 3600.00
Water Source: Public

Queen Anne Place Elementary School is a public elementary school located approximately 0.2 miles away.
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Los Angeles Senior High School is a public high school located approximately 0.4 miles away.
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Johnnie Cochran, Jr., Middle School is a public middle school located approximately 0.7 miles away.
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Pico School is a private elementary school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.