1572 Myra Avenue | Los Angeles | State of California | Prices, Plans, Availability

Agent Hub

My Acconut

Personal Details
Shortlist
Log Out

English

中文 - 简体

English

中文 - 繁體

Countries

USA

UAE

China

Thailand

Australia

Saudi Arabia

Singapore

Türkiye

New Project

Homes For Sale

Rent

News & Insights

Adu

Broad

Nestled in the coveted neighborhood of Los Feliz, this pristine 4-unit is an extremely rare find. 1572 Myra is a fully renovated Spanish-style duplex from the 1920s that boasts two brand-new ADUs. Positioned on a spacious, meticulously landscaped lot, the property underwent significant updates in 2023, offering tenants and buyers a trendy aesthetic to match the neighborhood. Comprised of two sleek 3-bedroom, 1-bath units and two contemporary 1-bedroom, 1-bathroom + loft ADUs, this property exudes quality. Newly painted and landscaped, each unit comes with large private yards and high-end finishes, making this property a magnet for high quality tenants. With the units currently 75% vacant, it is an opportune time for owner-occupancy. Obtain a lower rate via residential financing (primary residence), live in a gorgeous home, and have the other tenants contribute to the mortgage: the most economical way to live in LA!!! For investors seeking a high return and significant appreciation potential, this property offers a compelling 5.08% cap rate. Immerse yourself in the luxury of ownership within walking distance of Los Feliz’s trendiest restaurants, bars, and shops. Situated on a tranquil residential street near the iconic Sunset Junction, 1572 Myra Ave seamlessly combines urban accessibility with residential serenity. Comprising two fully remodeled 3-bedroom, 1-bath units and two stand-alone 1-bedroom, 1-bath + loft ADUs crafted from sustainable shipping containers, this property caters to the modern artistic renter prevalent in the Los Feliz/East LA rental market. One unit is currently rented at $4,250 and the garage is also rented at $500 per month. We project an annual income of $170,376. Other notable features include: roof decks for each ADU accessed by modern spiral staircases, a garage/storage room that can generate additional income, expansive wood decks, turf yards, abundant windows for natural light, in-unit washer/dryers, and private backyards/patios for each unit. With its central location and undeniable curb appeal, this property stands as a stable asset with the potential for annual appreciation, making it a wise investment in the ever-evolving LA real estate market.