1570 Myra Avenue
$2,249,000
8
4
1,998
1,998
$1,126
Description
Tucked away in the desirable Los Feliz neighborhood, this immaculate 4-unit property at 1570 Myra Ave. is brimming with pride of ownership! With the original Spanish-style duplex built in the 1920s fully renovated, and the two Shipping Container Accessory Dwelling Units finished in 2023, this property features strong tenants and short-term-rental income. Set on a comfortable, beautifully landscaped corner lot, the property saw extensive renovations in 2023, creating a modern vibe that perfectly complements...Tucked away in the desirable Los Feliz neighborhood, this immaculate 4-unit property at 1570 Myra Ave. is brimming with pride of ownership! With the original Spanish-style duplex built in the 1920s fully renovated, and the two Shipping Container Accessory Dwelling Units finished in 2023, this property features strong tenants and short-term-rental income. Set on a comfortable, beautifully landscaped corner lot, the property saw extensive renovations in 2023, creating a modern vibe that perfectly complements the area. The unit-mix includes two stylish 3 bedroom, 1 bath, along with two 207 SF, 1 bedroom, 1 bath ADUs, plus loft and Deck areas, all thoughtfully designed with high-end finishes, in-unit laundry, large windows and a great attention to detail. Each unit boasts large private patios, with the ADUs also having decks above the living area. The original Duplex is rented at $4,250 per unit, while the ADUs, not being subject to RSO, are commanding lucrative short-term rentsor rent long-term to simplify thingsor move-in, with no need to relocate tenants. The garage is rented separately at $500 per month. Purchase the property to move in and obtain beneficial residential financing! Or rely on the solid CAP and the potential for strong appreciation! Located within walking distance to Los Feliz's and Silver Lake's best restaurants, bars, and shops, 1570 Myra Ave. delivers a blend of urban convenience and residential tranquility perfect for the young professionals as well as growing families! The property is individually metered for gas and electric and features water sub-meters, ready for tenants to cover all utilities. Situated on a quiet street near Sunset Junction, the property offers a serene yet accessible lifestyle. The ADUs, constructed from eco-friendly Shipping Containers, are tailored for the modern, artistic tenant common in Los Feliz and the rest of the Eastside. With the design that brings the outside in, by way of large and bright windows and generous outdoor space, including with access by spiral staircases to the roof decks, these residences don't tend to stay vacant for long. With its central location and captivating design, this property is a sound investment with steady appreciation potential in the thriving LA real estate market.
- Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
- Listed by Shaya Braverman • DRE #01861842 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1570 Myra Avenue
Zoning
R1-1
Parcel Number5430019023
Total Units4.0
Living Area1998
Source Living AreaOther
AreaLos Feliz (637)
Vacancy Rate0
Lot Size Area5915
LISTING UPDATED: 12/03/2024 12:01 AM
Property Details for 1570 Myra Avenue
Status | Active |
---|---|
MLS # | 24-466996 |
Days on Market | 26 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1925 |
Lot Size | 0.14 AC / 5,915 SF |
County | Los Angeles County |
Building Information for 1570 Myra Avenue
Stories1Residences-Year Built1925Building Size-Lot Size0.14 AC / 5,915 SF
Property Information for 1570 Myra Avenue
Property History for 1570 Myra Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1570 Myra Avenue
Taxable ValueLand$832,320Additions$260,100Total$1,092,420
Tax Record2024$13,368 ($1,114 / month)
Home Facts
Total Finished SqFt1,584 SqFtAbove Grade Finished SqFt1,584 SqFtLot Size5,913 SqFtStyleDuplexYear Built1925ZoningLAR1CountyLOS ANGELESAPN5430-019-023
Schools near 1570 Myra Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 2 |
Rating | School | Distance |
---|---|---|
Franklin Avenue Elementary School PublicK to 5 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Lexington Avenue Primary Center PublicK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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