Property Details
About this Property
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
MLS Listing Information
MLS #
CRBB25058208
MLS Source
California Regional MLS
Days on Site
12
Interior Features
Appliances
Dishwasher, Microwave, Oven - Electric, Oven Range - Gas, Refrigerator, Dryer, Washer
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Pool
None
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 1 Car(s)
Contact Information
Listing Agent
Elizabeth Maddox
Myunits.com Inc.
License #: 01921425
Phone: –
Co-Listing Agent
Lauren Cearley
Myunits.com Inc.
License #: 02146823
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 332 | – | 0/0 | – |
| 2 | 792 | – | 0/0 | – |
School Ratings
Nearby Schools
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1572 Myra Ave is a Residential Income in Los Angeles, CA 90027. This – square foot property sits on a 5,913 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,999,000 and was built in 1925. This address can also be written as 1572 Myra Ave, Los Angeles, CA 90027.
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This listing information is up-to-date as of April 11, 2025. For the most current information, please contact Elizabeth Maddox
