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1572 Myra Avenue

Los Angeles, CA 90027

– beds
– baths
– sqft
5,913 sqft lot
1925 build
– on site

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 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.

Listed By CRMLS_CA / Elizabeth Maddox / Myunits.com Inc. / 818-850-8485

Last checked: Checking… • Last updated Apr 2, 2025 •

MLS# BB25058208 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1925
Year Built Source:

Builder
New Construction:

No
Building Area Total:

2247.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

3
Architectural Style:

Modern
Exterior Features:

Lighting
Stories Total:

1
Entry Level:

1
Common Walls:

No Common Walls
Green Verification:

1
# of Separate Gas Meters:

2
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Features:

Open Floorplan, Recessed Lighting
Levels:

One
Entry Location:

Ground Level
Window Features:

Double Pane Windows
Room Type:

Kitchen
Fireplace:

No
Fireplace:

None
Laundry:

Dryer Included, Washer Included
Laundry:

1

Location

Directions:

Steps from Sunset Junction—take Fountain to Bates, then right on Myra. 1572 Myra Ave puts you right where Silver Lake meets Los Feliz.
Latitude:

34.09969700
Longitude:

-118.28052200

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Turnkey
Zoning:

LARD1
Lot Features:

Back Yard, Landscaped
Lot Size Area:

5913.0000
Lot Size Acres:

0.1357
Lot Size SqFt:

5913.00
Lot Size Source:

Public Records
View:

1
View:

City Lights, Neighborhood
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

195...
Tax Lot:

83
Tax Annual Amount:

23976.00

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

5430019023

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Electric Oven, Gas Range, Instant Hot Water, Microwave, Refrigerator
Included:

Yes

The Community

Neighborhood:

Los Feliz
Features:

Sidewalks, Street Lights
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

1.00
Garage Spaces:

1.00

Extra Units

Average 1 Bed Area:

332
Average 3 Bed Area:

792
Number With Dishwasher:

4
Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
3/31/25 Mar 31, 2025	Listed / Active	CRMLS_CA	$1,999,000
1/19/24 Jan 19, 2024	Sold	BRIDGE
1/15/24 Jan 15, 2024	Listed / Active	BRIDGE

Multifamily For Sale

$1,999,000

Listing provided by broker:

Elizabeth Maddox

Myunits.com Inc.

818-850-8485

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This multifamily located in Central LA, Los Angeles, CA 90027 is currently for sale for $1,999,000. 1572 Myra Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 1572 Myra Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Thomas Starr King Middle School Magnet: Film And Media, Franklin Avenue Elementary School, and John Marshall Senior High.

Listing Courtesy of: CRMLS_CA and Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 00:02 on Apr 02.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.