Listed by Alan Cruz•DRE #01518829• Equity Smart Real Estate Services
Contact: 661-932-5117
For sale
$1,295,000
Est. $8,930/mo —
3
bd
•
3 ba
•
1,582
sq ft
1240 S Muirfield Rd, Los Angeles, CA 90019
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.
Olympic Park, located between Koreatown and Mid-Wilshire, is a residential and commercial Los Angeles neighborhood with prewar apartment blocks and a steady stream of corner markets. The neighborhood’s character concentrates along Olympic Boulevard at Crenshaw Boulevard, where taquerias, bakeries, and small storefronts line the traffic-heavy corridor. Spanish Revival duplexes and 1920s courtyard buildings sit beside low-slung retail and auto-era lots, giving the streets a practical, lived-in rhythm. The Ebell of Los Angeles anchors the area with performances and civic events in a landmark setting. Nearby, LACMA and the Academy Museum of Motion Pictures add a museum-row counterpoint to the everyday streetscape. Pocket parks and schoolyards break up the grid with small patches of green.
Provided by Walk Score and Local Logic
Market insights
1240 S Muirfield Rd · $1,295,000
DAYS ON MARKET
591 days
The average home goes pending in 68 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
LIST PRICE
$1,295,000
Median list price in this area is $1,132,121. (13% lower than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Bathroom
Interior features
Street-level entry on S Muirfield Rd
Attached property with 2+ common walls
Single-story building
Bedrooms
Three 1-bedroom units (each unit listed as 1 bed)
Bathrooms
Three full bathrooms (each unit listed with 1 full bath)
Laundry & utility
No on-site laundry listed
Exterior features
No pool
Lot is level with street and paved
2–5 units per acre density
Home design
Multi-unit property (3 units)
Attached building
One story
Parking
Total 3 parking spaces
Each unit includes 1 garage space (3 garages total)
Construction
Year built listed from assessor
3 separate buildings (property includes 3 buildings)
Utilities
Public sewer
District/Public water
Three separate electric meters
Three separate gas meters
Three separate water meters
HOA & community
Community features include sidewalks and street lighting
New roof has been installed! This is a perfect investment opportunity!! 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.
CRMLS #PW24170038
Feb 14, 2025
Listing Removed
—
Aug 16, 2024
Listed
$1,295,000
$819/sq ft
GEMLS #202412758
Dec 24, 2024
Price Changed
$1,295,000
$819/sq ft
Dec 19, 2024
Listed
$2,450,000
$1,549/sq ft
CRMLS #PW23230473
Aug 12, 2024
Listing Removed
—
Dec 27, 2023
Listed
$1,295,000
$819/sq ft
CRMLS #PW23162471
Dec 15, 2023
Listing Removed
—
Aug 30, 2023
Listed
$1,295,000
$819/sq ft
CRMLS #PW23061891
Aug 11, 2023
Listing Removed
—
Jun 8, 2023
Listed
$1,295,000
$819/sq ft
CRMLS #RS22246535
Feb 6, 2023
Listing Removed
—
Nov 25, 2022
Listed
$1,295,000
$819/sq ft
CRMLS #P749303
Oct 31, 2011
Listing Removed
—
Apr 27, 2011
Price Changed
$450,000
$284/sq ft
Feb 27, 2011
Price Changed
$440,000
$278/sq ft
Jan 15, 2011
Price Changed
$435,000
$275/sq ft
Dec 20, 2010
Price Changed
$415,000
$262/sq ft
Oct 21, 2010
Price Changed
$440,000
$278/sq ft
Aug 23, 2010
Listed
$450,000
$284/sq ft
CRMLS #12123783
Oct 15, 2009
Listing Removed
—
Apr 16, 2009
Listed
$585,126
$370/sq ft
SDMLS #301785109
Oct 6, 2005
Listing Removed
—
Jun 5, 2005
Listed
$700,000
$442/sq ft
Public Records
Nov 12, 1982
Sold
$29,000
$18/sq ft
Public Records
Mar 4, 1977
Sold
$30,000
$19/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,361 (+0.6%)
$118,325 + $50,694
$169,019
2024
$2,345 (+1.5%)
$118,325 + $50,694
$169,019
2023
$2,310 (+4.2%)
$116,005 + $49,700
$165,705
2022
$2,217 (+1.7%)
$113,731 + $48,726
$162,457
2021
$2,180 (−0.8%)
$111,501 + $47,771
$159,272
2020
$2,198 (+3.5%)
$927,510 + $309,170
$1,236,680
2019
$2,123 (+4.6%)
$108,195 + $46,355
$154,550
2018
$2,028 (+2.0%)
$106,074 + $45,447
$151,521
2017
$1,990 (+3.1%)
$101,956 + $43,683
$145,639
2016
$1,930 (+1.4%)
$101,956 + $43,683
$145,639
2015
$1,904 (−1.5%)
$99,957 + $42,827
$142,784
2014
$1,933 (−1.0%)
$96,528 + $41,358
$137,886
2012
$1,952 (+2.6%)
$96,092 + $41,172
$137,264
2011
$1,901 (−1.3%)
$94,208 + $40,365
$134,573
2010
$1,926 (+3.8%)
$92,361 + $39,574
$131,935
2009
$1,855 (+4.0%)
$91,671 + $39,279
$130,950
2008
$1,784
$91,889 + $39,373
$131,262
Public record
Beds
3
Baths
3
Stories
—
Lot width
—
Lot depth
—
Lot size
4,840 Sq. Ft.
Year renovated
1922
Finished Sq. Ft.
1,582
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,582
Year built
1922
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
5083013020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 30, 2026.
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