1240 S Muirfield Road, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90019
This Triplex Investment Asset is listed at $1,295,000, reflecting a strategic premium over the $1,064,893 Fair Market Value due to its significant Development Potential for 2 ADUs. Currently maintaining a Fair Condition Rating, the property features a new roof and three well-maintained units. Its prime Hancock Park-Mid City Location and rare 3-Car Garage provide a competitive edge for rental income stability near LAUSD schools. This high-density opportunity, also available as part of a four-property portfolio, is ideal for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 S Muirfield Road Subject | $1,295,000* List Price | 0 | 0 | 1,582 | $673 | - |
A 1301 S Hudson Sold | $1,195,000 | 4 | 3 | 1,839 | $650 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this triplex is aged but maintained through regular upkeep, including a recently installed roof and fresh paint. While the listing describes the units as being in good condition, the property lacks evidence of a full modern renovation; the exterior shows dated windows, older stucco, and minor deferred maintenance like a broken side gate, fitting the 'Fair' criteria for a century-old structure that is functional but outdated.
The property offers significant value-add potential with the ability to build two additional ADUs, maximizing the density and income-generating capacity of the lot.
Situated in the desirable Hancock Park-Mid City area, the property is minutes from the Beverly Center, DTLA, and major transit hubs, ensuring high rental demand.
A brand-new roof has been installed and the units are well-maintained and freshly painted, reducing immediate maintenance costs for a new investor.
With a total of 1,582 square feet across three units, the individual living spaces are relatively small, which may limit the tenant profile and maximum achievable rent.
Built in 1922, the property may require ongoing monitoring or future upgrades to aging plumbing and electrical systems typical of century-old structures.
Adding two ADUs to a 4,840 square foot lot already containing a triplex will result in high site density and minimal common outdoor space for residents.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,582 | 2,788 | 5% |
| Lot Size | 4,840 | 5,937 | 15% |
| Price | $1.29M | $1.11M | 70% |
| Price per sq ft | $819 | $469 | 95% |
| Built year | 1922 | 1926 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 426 | 236 | 95% |
Feb 20, 2025
$1,295,000
Initial Listing