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1259 S Muirfield Rd, Los Angeles, CA 90019
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1259 S Muirfield Rd Los Angeles, CA 90019

$1,075,000 Sold Price as of 04/07/2022
  • 4 Beds
  • 14 Baths
  • 2,260 Sq.Ft.
Sold
$1,075,000 Sold Price as of 04/07/2022 Refinance Your Mortgage
Map preview of 1259 S Muirfield Rd, Los Angeles, CA 90019

Property Overview: 1259 S Muirfield Rd Los Angeles, CA has 4 bedrooms, 14 bathrooms, 2,260 living square feet and 4,960 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale a four-unit apartment community located at 1259 South Muirfield Road. The subject property is located just north of Pico Boulevard within the desirable Mid-City sub-market. Situated on a 4,960 square foot parcel, the property comprises entirely of one-bedroom units. One of the units will be delivered vacant. The property has 63% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makings 1259 South Muirfield an excellent acquisition opportunity.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 5 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
4,960
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22129091
City
Los Angeles
County
Los Angeles
Time on Site
807 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 11
  • Furnishing: Unfurnished
  • Actual Rent: $774
  • Total Rent: $774
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $770
  • Total Rent: $770
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.24
  • Gross Scheduled Income: --
  • Net Operating Income: $45,162
  • Gross Operating Income: $67,728
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1259 S Muirfield Rd

Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5083031023
Location / Neighborhood
Location Information
  • Directions: North of Pico Boulevard, East of Rimpau Boulevard
View more facts & features

Local Los Angeles Agent

Sale History for 1259 S Muirfield Rd

Last sold for $1,075,000 on April 7th, 2022

  • April, 2022

  • Apr 7, 2022

    Date

    Sold

    CRMLS: 22129091

    $1,075,000

    Price

  • Feb 18, 2022

    Date

    Active

    CRMLS: 22129091

    $1,100,000

    Price

  • June, 2021

  • Jun 6, 2021

    Date

    Expired

    CRMLS: OC21046114

    $999,999

    Price

  • Mar 5, 2021

    Date

    Active

    CRMLS: OC21046114

    $999,999

    Price

  • Listing provided courtesy of CRMLS

    Wonderful investment opportunity at this beautiful 4-unit property. 1920's Spanish Style building with charming classic details. Upgrades include windows, plumbing and electrical. Situated on an approx. 5,000 square foot lot and is also centrally located walking distance from shopping centers, restaurants, and nightlife. Huge upside in rental income. This is a great chance to invest in an amazing property in the red hot Mid-City area!

  • June, 2019

  • Jun 18, 2019

    Date

    Canceled

    CRMLS: 19427034

    $935,000

    Price

  • Feb 2, 2019

    Date

    Active

    CRMLS: 19427034

    $935,000

    Price

  • Listing provided courtesy of CRMLS

    This classic Spanish fourplex is located on a quiet street in the central & desirable area of Mid-Wilshire. Whether you take advantage of the cash flow or live in one unit & rent out the other units, this is an outstanding investment. The property consists of (4) four 1 bedroom/ 1-bath units & has charming 1920's details like wrought iron railings and a Spanish tile roof. One of the units has been recently remodeled with a new bathroom, kitchen, flooring, laundry inside, tankless water heater and stainless steel appliances. The units are individually metered for both gas and electricity and each have their own water heaters. All have similar sizes and attractive floorplans. The building even has upgrades to windows, electrical & plumbing. This fantastic, trophy fourplex, situated in a wonderful, central location, is full of potential. Adjacent to the Hancock Park & close to lively Larchmont Village & Koreatown, this property is also walkable to shopping, restaurants, schools & parks.

  • January, 2019

  • Jan 11, 2019

    Date

    Expired

    CRMLS: 18364076

    $960,000

    Price

  • Oct 10, 2018

    Date

    Price Change

    CRMLS: 18364076

    $960,000

    Price

  • Jul 26, 2018

    Date

    Price Change

    CRMLS: 18364076

    $975,000

    Price

  • Jul 12, 2018

    Date

    Active

    CRMLS: 18364076

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    Please Contact Listing Agent for Full DetailsOne Low Paying Unit Has Agreed to Move out.

  • January, 2018

  • Jan 5, 2018

    Date

    Sold

    CRMLS: 17216506

    $771,000

    Price

  • Dec 5, 2017

    Date

    Pending

    CRMLS: 17216506

    $799,000

    Price

  • Jun 29, 2017

    Date

    Active

    CRMLS: 17216506

    $799,000

    Price

  • Jun 19, 2017

    Date

    Active Under Contract

    CRMLS: 17216506

    $799,000

    Price

  • Apr 11, 2017

    Date

    Active

    CRMLS: 17216506

    $799,000

    Price

  • Apr 6, 2017

    Date

    Active Under Contract

    CRMLS: 17216506

    $799,000

    Price

  • Mar 31, 2017

    Date

    Active

    CRMLS: 17216506

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Wonderful investment opportunity at this beautiful 4-unit property. 1920's Spanish Style building with charming classic details. Upgrades include windows, plumbing and electrical. Situated on an approx. 5,000 square foot lot and is also centrally located walking distance from shopping centers, restaurants, and nightlife. Huge upside in rental income. This is a great chance to invest in an amazing property in the red hot Mid-City area!

  • January, 2018

  • Jan 4, 2018

    Date

    Sold (Public Records)

    Public Records

    $771,000

    Price

  • May, 2015

  • May 20, 2015

    Date

    Sold (Public Records)

    Public Records

    $662,500

    Price

Show More

Tax History for 1259 S Muirfield Rd

Assessed Value (2020): $802,547
Year Land Value Improved Value Assessed Value
2020 $641,718 $160,829 $802,547

Home Value Compared to the Market

This property vs the competition

1259 S Muirfield Rd sold on April 7, 2022 for 7.56% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $486.73 per/sqft which puts the price per square foot 35.53% lower than the current median sale per square foot for the city of Los Angeles.

About 1259 S Muirfield Rd

Detailed summary of property

1259 S Muirfield Rd is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 4 bedrooms, 14 bathrooms, roughly 2,260 living square feet, and sits on an approximately 4,960 square foot lot. 1259 S Muirfield Rd was first listed on ArdentRealEstateGroup.com on February 18, 2022. The homeowner sold the property for $1,075,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.56% lower than the current median priced home. Local homes that are currently for sale include 2546 S Bronson Ave, 2546 S Bronson Ave and 2531 Hillcrest Dr. While the average home in Los Angeles, CA is selling in 96 days, 1259 S Muirfield Rd has a days on market of 16 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1259 S Muirfield Rd Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1259 S Muirfield Rd

Public county record property details
Beds
4
Baths
4
Year built
1929
Sq. Ft.
2,260
Lot Size
4,959
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5083-031-023

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 1259 S Muirfield Rd

1255 S Muirfield Rd, Los Angeles, CA 90019
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$760,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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