Homes for sale - 1572 Myra AVE, Los Angeles, CA 90027

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Lauren Cearley • Myunits.com Inc.

$1,999,000

Est. payment - /mo

5,913 Sqft Lot

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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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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1572 Myra AVE Los Angeles, CA 90027

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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