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Listed by Elizabeth Maddox • Myunits.com Inc.
$ 1,999,000
Est. payment /mo
Active
1572 Myra AVE Los Angeles, CA 90027
5,913 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25058208
Style Contemporary
Originating Board California Regional MLS
Year Built 1925
Lot Size 5,913 Sqft
Property Sub-Type Fourplex
Property Description
1572 Myra Ave is an exceptional investment opportunity in Los Feliz. With market cap rates hovering around 5.50% or lower, this fully renovated, 100% leased fourplex offers an unprecedented 6.77% REAL cap rate, making it one of the strongest cash-flowing deals in the area. Generating $15,100 per month ($181,200 annually) in actual rental income, this is a true turnkey investment with minimal owner expenses thanks to separately metered electricity, gas and water submeters. This fully updated Spanish-style fourplex blends 1920s charm with modern upgrades, featuring two 3-bedroom, 1-bath units (each rented at $4,250) and two sleek 1-bedroom, 1-bath + loft + roofdeck ADUs (leased for $3,200 and $2,900, respectively). Additionally, the garage is leased for $500 per month, adding even more income. The high-end finishes, large private outdoor spaces, and premium design elements have attracted strong, stable tenants, ensuring immediate and long-term returns. Located on a peaceful residential street just moments from Sunset Junction, the property offers prime access to Los Feliz's most popular hotspots, including All Time, Maru Coffee, Little Dom's, and The Dresden. Whether grabbing a bite at Bacari Silverlake, sipping cocktails at The Alcove & Big Bar, or enjoying the nightlife at The
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Washer, Dryer
Exterior
Parking Features Garage
Garage Spaces 1.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Story One Story
Water Hot Water, District - Public
Architectural Style Contemporary
Others
Tax ID 5430019023
Special Listing Condition Not Applicable
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