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$ 1,900,000
Est. payment | /mo
8 Beds
4 Baths
$ 1,900,000
Est. payment | /mo
8 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25058208
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
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, 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 Felizs most popular hotspots, including All Time, Maru Coffee, Little Doms, 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 LAs 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 deck
Location
State CA
County Los Angeles
Zoning Builder
Direction Steps from Sunset Junctiontake Fountain to Bates, then right on Myra. 1572 Myra Ave puts you right where Silver Lake meets Los F
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5430019023
Virtual Tour https://www.myunits.com/buy/1572myra
Listed by Lauren Cearley Myunits.com Inc.
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Coronado Premier Properties
Broker Associate | Lic# 01976606