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Listed by Lauren Cearley • Myunits.com Inc.
$1,900,000
Est. payment /mo
2,247 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,247 sqft
Price per Sqft $845
MLS Listing ID CRBB25058208
HOA Y/N No
Year Built 1925
Lot Size 5,913 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
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 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 a
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Dryer, Washer
Exterior
View City Lights, Other
Building
Lot Description Back Yard, Landscaped
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613