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1568 Murray Circle, Los Angeles, CA 90026
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1568 Murray Circle Los Angeles, CA 90026

$1,725,000 Sold Price as of 07/23/2021
  • 4 Beds
  • 2 Baths
  • 3,136 Sq.Ft.
Sold
$1,725,000 Sold Price as of 07/23/2021 Refinance Your Mortgage
Map preview of 1568 Murray Circle, Los Angeles, CA 90026

Property Overview: 1568 Murray Circle Los Angeles, CA has 4 bedrooms, 2 bathrooms, 3,136 living square feet and 9,046 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: GARDEN SPECTACULAR! Charming Spanish Duplex on an oversized corner lot, in prime Silver Lake location, known as "The Cactus house", on garden tours , for multiple giant exotic specimens! House features 2 - 2 bedroom 1 bath units , with story book balconies, abundant light and privacy! Lot features multiple, secluded designer crafted-decks with beautiful views for ideal entertaining ! Subdivide the property and/or build additional units on the vacant over 9,000 s.f. plus lot, (per assessor)! Live in California paradise and build up OR sell portions! Freestanding double garage can generate additional income! Please do not disturb tenants /walk on the property. Buyer & Buyer's agent are are advised to independently verify the accuracy of all information through personal & professional inspection to satisfy themselves. Broker does not present or guarantee the accuracy of the S.F , bed bath count, permitted / un-permitted spaces or any other information.

Listed by Ian Brooks | BRE #00954065 | Berkshire Hathaway HomeServices California
Last checked: 15 seconds ago | Last updated: January 16th, 2023 | Source CRMLS | DOM: 138

Home details

Lot Sq. Ft
9,046
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
21682708
City
Los Angeles
County
Los Angeles
Time on Site
1212 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $41,220
  • Gross Operating Income: $41,220
Annual Expense Breakdown
  • Total Operating Expense: --
  • Water/Sewer: $75

Property Details for 1568 Murray Circle

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Dryer Included
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Oven
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Assigned, Driveway, Garage - Two Door
Lot Information
  • Lot Features: Front Yard, Landscaped
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 2
  • Parcel Number: 5425004014
  • Architectural Style: Spanish
  • Foundation Details: Raised
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Silver Lake Blvd- to Berkeley , to Murray Dr. left to Murray Circle .
View more facts & features

Local Los Angeles Agent

Sale History for 1568 Murray Circle

Last sold for $1,725,000 on July 23rd, 2021

  • January, 2023

  • Jan 16, 2023

    Date

    Expired

    CRMLS: 22203605

    $1,950,000

    Price

  • Sep 27, 2022

    Date

    Active

    CRMLS: 22203605

    $2,395,000

    Price

  • Listing provided courtesy of CRMLS

    1568 Murray Circle is a Silver Lake development opportunity featuring a gutted Spanish-style duplex on an oversized 9,000+ SF corner lot. Located north of Sunset Boulevard and 0.7 miles from Sunset Junction, the subject property is in the heart of a trendy and vibrant community that offers residents a walkable commute to a wide array of beloved hotspots along Sunset Boulevard. Current improvements of this development opportunity include a gutted Spanish-style duplex comprised of (2) 2-bdrm. units (approx. 1,500+ SF each) that feature storybook balconies on a 9,000+ SF each. Based on renovated units in the area, we believe a future investor could achieve approx. $4,900 per unit and generate $9,800 in gross monthly income. Additionally, the lot features a wide array of cactus species, observation decks with views and a freestanding two-car garage. 1568 Murray Circle offers investors a blank slate to develop an income property with great architectural features that is located in the heart of a highly-desirable rental market that will be coveted by high-income young professionals and families for years to come.

  • January, 2023

  • Jan 16, 2023

    Date

    Expired

    CRMLS: 22203573

    $1,950,000

    Price

  • Sep 27, 2022

    Date

    Active

    CRMLS: 22203573

    $2,395,000

    Price

  • Listing provided courtesy of CRMLS

    1568 Murray Circle is a Silver Lake development opportunity featuring a gutted Spanish-style duplex on an oversized 9,000+ SF corner lot. Located north of Sunset Boulevard and 0.7 miles from Sunset Junction, the subject property is in the heart of a trendy and vibrant community that offers residents a walkable commute to a wide array of beloved hotspots along Sunset Boulevard. Current improvements of this development opportunity include a gutted Spanish-style duplex comprised of (2) 2-bdrm. units (approx. 1,500+ SF each) that feature storybook balconies on a 9,000+ SF corner lot. Based on renovated units in the area, we believe a future investor could achieve approx. $4,900 per unit and generate $9,800 in gross monthly income. Additionally, the lot features a wide array of cactus species, observation decks with views and a freestanding two-car garage. 1568 Murray Circle offers investors a blank slate to develop an income property with great architectural features that is located in the heart of a highly-desirable rental market that will be coveted by high-income young professionals and families for years to come.

  • July, 2021

  • Jul 24, 2021

    Date

    Sold

    CRMLS: 21682708

    $1,725,000

    Price

  • Jun 8, 2021

    Date

    Pending

    CRMLS: 21682708

    $1,790,000

    Price

  • Apr 20, 2021

    Date

    Price Change

    CRMLS: 21682708

    $1,790,000

    Price

  • Feb 17, 2021

    Date

    Price Change

    CRMLS: 21682708

    $1,895,000

    Price

  • Jan 21, 2021

    Date

    Active

    CRMLS: 21682708

    $1,995,000

    Price

Show More

Tax History for 1568 Murray Circle

Assessed Value (2020): $245,789
Year Land Value Improved Value Assessed Value
2020 $103,774 $142,015 $245,789

Home Value Compared to the Market

This property vs the competition

1568 Murray Circle sold on July 23, 2021 for 50.42% higher 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 $570.79 per/sqft which puts the price per square foot 24.4% lower than the current median sale per square foot for the city of Los Angeles.

About 1568 Murray Circle

Detailed summary of property

1568 Murray Circle is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 3,136 living square feet, and sits on an approximately 9,046 square foot lot. 1568 Murray Circle was first listed on ArdentRealEstateGroup.com on January 21, 2021. The homeowner sold the property for $1,725,000. 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 50.42% higher than the current median priced home. Local homes that are currently for sale include 342 N Dillon St, 4332 Lockwood Ave and 1115 N Madison Ave. While the average home in Los Angeles, CA is selling in 94 days, 1568 Murray Circle has a days on market of 138 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1568 Murray Circle Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1568 Murray Circle

Public county record property details
Beds
4
Baths
2
Year built
1924
Sq. Ft.
3,136
Lot Size
9,032
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
64
APN
5425-004-014

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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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