1240 S Muirfield Road, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
1240 S Muirfield Road
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 1240 S Muirfield Road, Los Angeles, California 90019 is currently available with a list price of $1,295,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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maintenance like a broken side gate, fitting the 'Fair' criteria for a century-old structure that is functional but outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
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.
- Prime Central Location
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.
- Recent Capital Improvements
A brand-new roof has been installed and the units are well-maintained and freshly painted, reducing immediate maintenance costs for a new investor.
CONSRISKS & DEFICIENCIES
- Limited Unit Square Footage
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.
- Vintage Infrastructure
Built in 1922, the property may require ongoing monitoring or future upgrades to aging plumbing and electrical systems typical of century-old structures.
- High Density Constraints
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.
About 1240 S Muirfield Road
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1922
- Lot Size
- 4,840 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,582 | 2,272 | 11% |
| Lot Size | 4,840 | 5,970 | 16% |
| Price | $1.29M | $1.10M | 68% |
| Price per sq ft | $819 | $475 | 95% |
| Built year | 1922 | 1929 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 379 | 192 | 95% |
Pricing History
Listed for Sale
Feb 20, 2025
$1,295,000
Initial Listing