1570 Myra Avenue

Los Angeles, CA 90027

$2,249,000
Price
8
Beds
4
Baths
1,998 Sq. Ft.
$1,126 / Sq. Ft.
1,998
Sq. Ft.
$1,126
per Sq. Ft.

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.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Shaya Braverman • DRE #01861842 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1570 Myra Avenue

Zoning
R1-1
Parcel Number
5430019023
Total Units
4.0
Living Area
1998
Source Living Area
Other
Area
Los Feliz (637)
Vacancy Rate
0
Lot Size Area
5915
LISTING UPDATED: 12/03/2024 12:01 AM

Property Details for 1570 Myra Avenue

StatusActive
MLS #24-466996
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.14 AC / 5,915 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Flat
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $177,480
  • Net Operating Income: $126,069.00
  • Gross Income: $177,480
  • Cap Rate: 5.61%
  • Gross Rent Multiplier: $12.67
  • Actual Annual Gross Rent: $177,480.00
  • Total Annual Expense: 46087
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1358
  • Lot Size Square Feet: 5915
  • Lot Size Dimensions: 131x45
  • Source Lot Size Dimensions: Assessor
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2
  • Parking Features: Garage - Two Door
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-25-2024
  • Rent Control: Yes
  • Rent Control: 50
  • Garage Rental Rate: 500
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,250.00
  • Unit Actual Rent: $4,250.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,250.00
  • Unit Actual Rent: $4,250.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,043.00
  • Unit Actual Rent: $3,043.00
  • Unit Projected Rent: $3,043.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,747.00
  • Unit Actual Rent: $2,747.00
  • Unit Projected Rent: $2,747.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $255,000.00
  • Assessed Improvement Percent: 23.81
  • Assessed Land Value: $816,000.00
  • Assessed Land Percent: 76.19
  • Assessed Total Value: $1,071,000.00

Property History for 1570 Myra Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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1570 Myra Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on November 25, 2024 by Keller Williams Beverly Hills, it's currently listed at $2,249,000. It has been on the market for a total of 26 days and was last sold on July 26, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Franklin Avenue Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 1570 Myra Avenue is a 8-bed, 4-bath, 1,998 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Shaya Braverman, DRE #01861842

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.