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1572 Myra Ave, Los Feliz

Fully Renovated Duplex + 2 ADU's in Prime Los Feliz

A pristine 4-unit in the coveted neighborhood of Los Feliz. 1572 Myra is a fully renovated 75% leased Spanish-style duplex with two brand-new ADUs. Comprised of two sleek 3b/1b units with private yards & two modern 1b/1b + loft ADU’s with rooftop decks and private yards/patios, this is a dream property for owner occupiers and investors. With an ultra-high cap rate of 5.59% (unheard of for Los Feliz), this property is an investment you’ll want to jump on!

The Important
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$2,399,000

Fourplex

For Sale

4

1925/23

5.59%

14.33

$173,388

2,422 sqft

5,915 sqft

$990.50

$599,750

2 x 3b/1b, 2 x 1b/1b + Loft + Roof Deck

No

1 Garage Spot, 5 Exterior Spots
(3 Permitted/2 Bonus)

75% LEASED, Rooftop Decks, Luxury Finishes, Private Yards/Patios

The Highlights

  • Excellent cap rate of 5.59%!

  • Two 3 bed units rented at $4,250, one ADU rented at $2,950 (mid-term rental), and the garage rented at $500.

  • Each and every finish was upgraded, from upscale cabinetry and massive windows to cherry-picked tiles and vanities in each bathroom. A DESIGNER property!

  • Property comes fully loaded with premium kitchen appliances, washers + dryers. Totally turnkey!

  • Multi-units in this area are in impossibly short supply right now, especially ones of this superior quality.

  • Dream 1031 exchange opportunity. Ready to close asap!

  • An unheard private yard space for EACH unit!

  • Tenants pay all utilities.

  • Rooftop decks with views of the Hollywood sign and the Griffith Observatory!

  • Large open floorplans!

  • Outstanding Los Feliz location minutes walking from the Iconic and star studded Sunset Junction, the heart of Hollywood, Los Feliz, Silver Lake, Larchmont Village, and Koreatown.

The Neighborhood

<15-Minute Walk

Los Angeles City College, Sqirl, Courage Bagels, California Grill, Melody, KinKan LA, Bolita, Alma's Cider & Beer, Voodoo Vin, Maison Matho, The Peace Center Gym, El zarape Melrose, Bar Latino Tully's Coffee Big Mama's & Papa's Pizzeria, It’s Boba Time

<15-Minute Drive

Pine and Crane Silverlake, The RubyFruit, Millie's Café,
Bacari, Silver Lake Farmers Market, 33 Taps Silver Lake, Bar Moruno, Kitsune, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters, Bowery Bungalow, The Virgil, Akbar

<$15 Uber Ride

Pine and Crane Silverlake, The RubyFruit, Millie's Café,
Bacari, Silver Lake Farmers Market, 33 Taps Silver Lake, Bar Moruno, Kitsune, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters, Bowery Bungalow, The Virgil, Akbar

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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