38
See all 38 photos
$1,999,000
Est. payment /mo
8 Beds
2,247 SqFt
Active
1572 Myra Avenue Los Angeles, CA 90027
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,247 sqft
Price per Sqft $889
MLS Listing ID CRBB25058208
Bedrooms 8
HOA Y/N No
Year Built 1925
Lot Size 5,913 Sqft
Acres 0.14
Property Sub-Type Quadruplex
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 Th
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Dryer, Washer
Exterior
Exterior Feature Back Yard, Other
View Y/N true
View City Lights, Other
Total Parking Spaces 1
Building
Lot Description Back Yard, Landscape Misc
New Construction No
Others
Tax ID 5430019023
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Listed by Elizabeth Maddox • Myunits.com Inc.