1572 Myra Ave, Los Feliz
75% Leased, Los Feliz Duplex + 2 ADU's | Unheard of 7.18% Cap Rate!
1572 Myra Ave is a fully renovated Spanish-style fourplex in Los Feliz, offering a strong 7.18% cap rate and $181,200 in projected annual income. It includes two spacious 3-bedroom units and two stylish ADUs with rooftop decks and in-unit laundry. A leased garage adds extra income. With high-end finishes and strong tenant appeal, this turnkey asset offers solid cash flow. Located near Sunset Junction, tenants enjoy close access to All Time, Maru Coffee, Little Dom’s, and The Virgil.
The Important
Details
List Price:
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# Units:
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Cap Rate:
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$1,900,000
Fourplex
Pre-Market
4
1925/23
7.18%
10.84
$175,200/Year
2,247 sqft
5,913 sqft
$845.57
$475,000
2 x 3b/1b, 2 x 1b/1b + Loft + Roof Deck
No
1 Garage Rented for $500/Month
Yes
Other Features:
75% LEASED, Rooftop Decks, Luxury Finishes, Private Yards/Patios
The Highlights
Unheard-of 7.18% cap rate! Far above the sub-5.50% market norm for this area.
75% LEASED! When fully occupied it will generate $15,100/month ($181,200 annually) in actual rental income.
Both 3-bed units rented at an outstanding $4,250 each, one ADUs is leased at $3,200 (other can be delivered vacant or rented, and garage rented at $500.
Every finish is top-tier—upscale cabinetry, massive windows, designer-selected tiles, and high-end vanities in every bathroom. A true DESIGNER property!
Fully loaded with premium kitchen appliances, in-unit washers & dryers—totally turnkey!
Multi-units in this area are in impossibly short supply, especially at this level of quality and return.
A dream 1031 exchange opportunity—high cash flow, ready to close ASAP!
Private outdoor spaces for EACH unit—an absolute rarity in LA!
Rooftop decks with stunning views of the Hollywood Sign & Griffith Observatory!
Large, open floorplans for modern living.
Prime Los Feliz location—walking distance to All Time, Maru Coffee, Little Dom’s, The Dresden, Bacari Silverlake, and more! Minutes from Sunset Junction, Hollywood, 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
Hollywood Bowl, Griffith Observatory, Paramount Pictures Studio, Hollywood Walk of Fame, Runyon Canyon Park, Universal Studios, Griffith Park, Sunset Junction, Vermont St, Lyric Hyperion Theater & Bar, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters
Contact
Lauren Cearley
213.302.8662
Property Presented By:
