1572 Myra Avenue
Los Angeles, CA, 90027
$1,999,000
Beds
0 Baths
SqFt
0.14 Acres
Add
Open House Apr 03, 2025
12:00 – 01:00
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 &#38' 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.

Property Details

Price:
$1,999,000
MLS #:
BB25058208
Status:
Active
Baths:
0
Address:
1572 Myra Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
637losfeliz
City:
Los Angeles
Listed Date:
Mar 31, 2025
State:
CA
ZIP:
90027
Lot Size:
5,913 sqft / 0.14 acres (approx)
Year Built:
1925
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Interior

Appliances
Dishwasher, Electric Oven, Gas Range, Instant Hot Water, Microwave, Refrigerator
Cooling
Central Air
Fireplace Features
None
Heating
Central
Interior Features
Open Floorplan, Recessed Lighting
Window Features
Double Pane Windows

Exterior

Community Features
Sidewalks, Street Lights
Electric
Standard
Exterior Features
Lighting
Garage Spaces
1.00
Lot Features
Back Yard, Landscaped
Parking Features
Garage
Parking Spots
1.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
City Lights, Neighborhood
Water Source
Public

Financial

Taxes
$23,976
Tenant Pays
All Utilities

Map

Community

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1572 Myra Avenue
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