1572 Myra Ave, Los Feliz
100% Leased, Los Feliz Fourplex | Unheard of 6.77% Cap Rate!
Fully renovated, 100% leased, 1572 Myra Ave in Los Feliz offering rare 6.77% cap rate—far exceeding market averages. This fourplex generates $15,100/mo ($181,200/yr) with two 3-bed units ($4,250 each), two 1-bed ADUs ($3,200 & $2,900), plus a leased garage ($500). Located near Sunset Junction hotspots like All Time & Maru Coffee, this luxury, cash-flowing asset is a prime turnkey investment in one of LA’s most sought-after rental markets.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$1,999,000
Fourplex
Pre-Market
4
1925/23
6.77%
11.41
$181,200/Year
2,247 sqft
5,913 sqft
$889.63
$499,750
2 x 3b/1b, 2 x 1b/1b + Loft + Roof Deck
No
1 Garage Rented for $500/Month
Yes
Other Features:
100% LEASED, Rooftop Decks, Luxury Finishes, Private Yards/Patios
The Highlights
Unheard-of 6.77% cap rate! Far above the sub-5.50% market norm for this area.
100% LEASED! Fully occupied with $15,100/month ($181,200 annually) in actual rental income.
Both 3-bed units rented at an outstanding $4,250 each, ADUs leased at $3,200 & $2,900, 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:
