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    1240 S Muirfield Rd Los Angeles, CA 90019

    For Sale
    $1,295,000

    Three units near Beverly Center, potential for additional ADUs.

    Lot size:
    0.11 Acres

    Property Features for 1240 S Muirfield Rd

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1922

    Source: Equity Smart Real Estate Services Agent Alan Cruz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hancock Park Triplex Investment Opportunity

    Located in Hancock Park-Mid City, this property at 1240 Muirfield Ave presents an investment opportunity. The property features three units, each with one bedroom and one bathroom. The units are reported to be in good condition, painted, and well-maintained. Each unit includes access to one of the three car garages. The location provides convenient access to The Beverly Center, restaurants, shopping centers, supermarkets, freeways, schools, museums, and theaters. It is situated within a 10-20 minute drive to both Downtown Los Angeles and the beaches. According to the Department of Public & Safety, there is potential to build two additional Accessory Dwelling Units (ADUs) on the property. A new roof has been installed. The property is part of a four-unit portfolio that includes properties at 5144 W 21st St, Los Angeles, CA 90016, 2720 S Sycamore Ave, Los Angeles, CA 90016, and 1121 5th Ave, Los Angeles, CA 90019.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.33379
    Latitude
    34.05078

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    FAQs

    What type of property is this?
    Triplex - Three units near Beverly Center, potential for additional ADUs.
    Where is this triplex located?
    The property is located at 1240 S Muirfield Rd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity with substantial rental income potential in Hancock Park-Mid City.; - Three well-maintained units, each with 1 bedroom and 1 bathroom.; - New roof installed.
    (661) 932-5117
    Request Owner's contact information
    1240 S Muirfield Rd Los Angeles, CA 90019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1240 S Muirfield Rd Los Angeles, CA 90019
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