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1572 Myra Avenue, Los Angeles, CA 90027

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For Sale

$1,900,000

8 beds • 4 baths • 2,247 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $845.57
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

The 2-4 Unit Specialists are pleased to present 1572 Myra Ave, an exceptional investment opportunity in Los Feliz. With market cap rates hovering around 5.50% or lower, this fully renovated, 75% leased fourplex offers an unprecedented 7.18% REAL cap rate, making it one of the strongest cash-flowing deals in the area. Generating a projected $15,100 per month ($181,200 annually) in 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 (one leased for $3,200 and the other vacant). 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 Virgil, tenants are immersed in one of LA s most sought-after neighborhoods. The ADUs, built with sustainable shipping containers, appeal to the modern artistic renter that dominates this market. Other standout features include rooftop decks for each ADU, modern spiral staircases, expansive wood decks, turf yards, in-unit washer/dryers, and abundant natural light. Investment opportunities at this level rarely hit the market in Los Feliz. With a market-defying 7.18% cap rate, rock-solid rental income, and a highly desirable location, 1572 Myra Ave is a standout deal in today s market.
MLS# BB25058208

Courtesy Of Myunits.com

(844) 698-6487

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Double Pane Windows
  • Appliances
    Dishwasher, Microwave, Range, Range - Gas, Refrigerator, Washer, Water - Instant Hot
  • Architecture Style
    Modern
  • Rooms
    Kitchen
  • View Type
    City

Map and Directions

Directions to 1572 Myra Avenue, Los Angeles, CA 90027

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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