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1684 Murchison St, Los Angeles, CA 90033
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1684 Murchison St Los Angeles, CA 90033

$3,875,000
  • 32 Beds
  • 18 Baths
  • 12,052 Sq.Ft.
For Sale
$3,875,000 Get Pre-Qualified
Map preview of 1684 Murchison St, Los Angeles, CA 90033

Property Overview: 1684 Murchison St Los Angeles, CA has 32 bedrooms, 18 bathrooms, 12,052 living square feet and 14,871 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Introducing this 18-unit multifamily investment comprised of an excellent mix of fourteen (2 bd + 1 ba) and four (1 bd + 1 ba) units. 1684 Murchison St is located walking distance to Keck Medical Center of USC, USC Health Sciences Campus and LAC+USC Medical Center. California State University, Los Angeles is also a short 5-minute drive away. Its central location and close proximity to the 10, 5 and 101 Freeways provide tenants access to various entertainment and work hubs in Downtown Los Angeles. All units are separately metered for gas and electricity. Soft story retrofit and new roof installation were completed in 2022.

Listed by Enrique Viramontes | BRE #01372010 | Remax Commercial and Investment Realty
Last checked: 1 minute ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 84
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Home details

Lot Sq. Ft
14,871
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24356871
City
Los Angeles
County
Los Angeles
Time on Site
81 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 14
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,319
  • Total Rent: $18,462
  • Pro Forma/Market Rent: $32,200
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,156
  • Total Rent: $4,622
  • Pro Forma/Market Rent: $7,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.99
  • Gross Scheduled Income: --
  • Net Operating Income: $157,131
  • Gross Operating Income: $274,241
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1684 Murchison St

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Property Details for 1684 Murchison St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 18
  • Parcel Number: 5202023001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located on the corner of Murchison St and Medford St
View more facts & features

Local Los Angeles Agent

Sale History for 1684 Murchison St

Last sold for $2,988,000 on March 9th, 2018

  • February, 2024

  • Feb 9, 2024

    Date

    Active

    CRMLS: 24356871

    $3,900,000

    Price

  • January, 2021

  • Jan 26, 2021

    Date

    Canceled

    CRMLS: 20672264

    $3,535,000

    Price

  • Jan 19, 2021

    Date

    Pending

    CRMLS: 20672264

    $3,535,000

    Price

  • Dec 21, 2020

    Date

    Active

    CRMLS: 20672264

    $3,535,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing the sale of 1684 Murchison Street. This multi-family investment is comprised of an excellent fourteen (2 bd + 1 ba) and four (1 bd + 1 ba) unit mix. The property offers investors upside potential in the up-and-coming Boston Heights neighborhood. Keck Medical Center of USC, USC Health Sciences Campus and LAC+USC Medical Center are all within walking distance. California State University, Los Angeles is also a short 5-minute drive away. Its central location and close proximity to the 10, 5 and 101 Freeways provide tenants access to various entertainment and work hubs in Downtown Los Angeles. All units are separately metered for gas and electricity. Soft-story retrofit work is currently in progress.

  • February, 2020

  • Feb 17, 2020

    Date

    Expired

    CRMLS: 19467508

    $3,600,000

    Price

  • May 17, 2019

    Date

    Active

    CRMLS: 19467508

    $3,600,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing the sale of 1684 Murchison Street. This 18 unit property is comprised of (14) two bedroom + 1 bathroom and (4) 1 bedroom + 1 bathroom units with gated parking. Investors can benefit from upside potential in a strong rental market located within close proximity to the new USC Health Sciences Campus, LAC + USC Medical Center and Cal State LA. This property is located near the 10, 5, 101 and 710 freeways; providing tenants easy access to various work and entertainment hubs throughout Los Angeles County.

  • March, 2018

  • Mar 9, 2018

    Date

    Sold

    CRMLS: AR17269977

    $2,988,000

    Price

  • Jan 12, 2018

    Date

    Pending

    CRMLS: AR17269977

    $3,069,000

    Price

  • Dec 6, 2017

    Date

    Active

    CRMLS: AR17269977

    $3,069,000

    Price

  • Listing provided courtesy of CRMLS

    The Growth Investment Group, and Sperry Van Ness are pleased to present Murchison Apartments, a Mid 60’s construction 18 unit apartment building, with a very desirable unit mix of 14- 2’s and 4- 1’s! The property has nice curb appeal, with inviting landscaping and is just awaiting a value add buyer to add some capital improvements to seize the upside potential of the asset. This building has secured parking and gated entry, and just requires a new owner experienced in these types of opportunities as well as Los Angeles Rent Control. There is an estimated 31% upside in Rents, giving the new owner to achieve market rents aggressively, or over time with a stable asset as properties in Los Angeles continue to appreciate in Value. This is a good opportunity for any size investor whether looking to exchange into something larger, or add to your LA RE Portfolio.

  • March, 2018

  • Mar 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,988,000

    Price

  • October, 2015

  • Oct 16, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

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Tax History for 1684 Murchison St

Assessed Value (2020): $3,112,465
Year Land Value Improved Value Assessed Value
2020 $1,865,437 $1,247,028 $3,112,465

Home Value Compared to the Market

This property vs the competition

1684 Murchison St is listed 216.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $321.52 per/sqft which puts the price per square foot 58.46% lower than the median price per square foot for the city of Los Angeles.

About 1684 Murchison St

Detailed summary of property

1684 Murchison St is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 32 bedrooms, 18 bathrooms, roughly 12,052 living square feet, and sits on an approximately 14,871 square foot lot. 1684 Murchison St was first listed on ArdentRealEstateGroup.com on February 13, 2024. The homeowner is currently asking $3,875,000 and was originally asking $3,900,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 216.33% higher than the median priced home. Local competing homes currently for sale include 2506 W Sunset Blvd, 2730 Council St and 1984 Park Grove Ave. While the average home in Los Angeles, CA is selling in 96 days, 1684 Murchison St has a days on market of 84 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 1684 Murchison St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1684 Murchison St

Public county record property details
Beds
--
Baths
18
Year built
1965
Sq. Ft.
12,052
Lot Size
14,871
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5202-023-001

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$699,000
Median List Price/Sq.Ft.
$536
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
12
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 1684 Murchison St

1600 Murchison St, Los Angeles, CA 90033
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8 Beds
4 Baths
0 Sq.Ft.
1600 Murchison St
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1618 Tremont St, Los Angeles, CA 90033
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2426 Medford St, Los Angeles, CA 90033
$450,000 Last Sold Price
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2426 Medford St
Los Angeles, CA 90033

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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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