See all 38 photos

$1,999,000

Est. payment - /mo

5,911 Sqft Lot

New

1572 Myra AVE Los Angeles, CA 90027

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Apr

Sat

Apr

Sun

Apr

Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25058208

Construction Status Turnkey

HOA Y/N No

Year Built 1925

Annual Tax Amount $23,976

Lot Size 5,911 Sqft

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 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 6.77% cap rate, rock-solid rental income, and a highly desirable location, 1572 Myra Ave is a standout deal in today's market.

Location

State CA

County Los Angeles

Area 637 - Los Feliz

Zoning LARD1

Interior

Interior Features Open Floorplan, Recessed Lighting, Instant Hot Water

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer

Exterior

Exterior Feature Lighting

Parking Features Garage

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Total Parking Spaces 1

Private Pool No

Building

Lot Description Back Yard, Landscaped

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5430019023

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Virtual Tour https://www.myunits.com/buy/1572myra

Listed by Elizabeth Maddox • Myunits.com Inc. • 818-850-8485

GET MORE INFORMATION

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

QUICK SEARCH

There are 18 quick searches

1572 Myra AVE Los Angeles, CA 90027

Jerry And Rachel Team Hsieh

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

1572 Myra AVE