1259 South Muirfield Road

Los Angeles, CA 90019

$1,075,000
Last Sold Price
4
Beds
4
Baths
2,260 Sq. Ft.
$476 / Sq. Ft.
2,260
Sq. Ft.
$476
per Sq. Ft.

Description

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...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.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1259 South Muirfield Road

Zoning
LAR2
Parcel Number
5083031023
Total Units
4.0
Living Area
2260
Source Living Area
Assessor
Area
Hancock Park-Wilshire
Vacancy Rate
1 unit
Lot Size Area
4960

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By Four Seasons Properties, Inc., Edenia Consuegra, DRE #02143657

Add your commute
LISTING UPDATED: 04/11/2022 04:51 PM

Property Details for 1259 South Muirfield Road

StatusSold
MLS #22-129091
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.11 AC / 4,960 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By Four Seasons Properties, Inc., Edenia Consuegra, DRE #02143657

Add your commute

Building Information for 1259 South Muirfield Road

Stories2Residences-Year Built1929Building Size-Lot Size0.11 AC / 4,960 SF

Payment Calculator

$6,996 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,867

Property Taxes

$1,129

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1259 South Muirfield Road

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $67,728
  • Net Operating Income: $45,162.00
  • Gross Income: $67,728
  • Cap Rate: 4.11%
  • Gross Rent Multiplier: $16.24
  • Total Annual Expense: 22566
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1139
  • Lot Size Square Feet: 4960
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-18-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 11
  • Unit Furnished: No
  • Unit Rent: $774.00
  • Unit Actual Rent: $774.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $770.00
  • Unit Actual Rent: $770.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $162,091.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $648,366.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $810,457.00

Property History for 1259 South Muirfield Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1259 South Muirfield Road

Taxable ValueLand$816,000Additions$280,900Total$1,096,900
Tax Record2023$13,554 ($1,129 / month)
Home Facts
Total Finished SqFt2,260 SqFtAbove Grade Finished SqFt2,260 SqFtLot Size4,960 SqFtStyleQuadraplexYear Built1929ZoningLAR2CountyLOS ANGELESAPN5083-031-023

Schools near 1259 South Muirfield Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Queen Anne Place Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.