1240 S Muirfield Road, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1240 S Muirfield Road, Los Angeles, California 90019 home-pic-0
ACTIVE$1,295,000
1240 S Muirfield Road, Los Angeles, California 90019
0Bed
0Bath
1,582Sqft
4,840Lot
Year Built
1922
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$819
HOA
-
Days on market
-
Sold On
-
MLS number
PW24170038
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.29M(50th), sqft - 1582(15th), beds - undefined(50th), baths - undefined(50th).

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.

Condition Rating
Fair

The property was built in 1922 and consists of three units. While the description mentions the units are in good condition and well-maintained, the images show aged kitchens and bathrooms with older appliances and fixtures. The new roof is a plus, but the overall condition suggests it requires minor updates to modernize the units. Given the age and the apparent lack of extensive recent renovations, a 'fair' rating is appropriate.
Pros & Cons

Pros

Investment Opportunity: The property is a triplex in a desirable location, offering a substantial rental income potential.
Development Potential: The property has the potential to add two additional ADUs, increasing its value and income potential.
Prime Location: Centrally located near Beverly Center, restaurants, shopping, freeways, schools, and DTLA/beaches, enhancing tenant appeal.

Cons

Age: Built in 1922, the property may require ongoing maintenance and potential upgrades due to its age.
Limited Unit Information: While units are described as being in good condition, more detailed information on interior finishes and potential upgrades needed would be beneficial.

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