5,911 Sqft Lot
5,911 Sqft Lot
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
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

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