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$2,249,000

Beds
8
sq ft
1,998

1570 Myra Ave, Los Angeles, CA 90027

1570 Myra Ave

Los Angeles, CA 90027

  • 46 days on market
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.

Details

Property type

Est. home value

$2,685,847

Lot size

5,915 sq ft

Price per sq ft

$1,126

Year built

1925

HOA

No

Price History

11/25/2024
CLAW

CLAW #24466996

Listed
$2,249,000
+114.19%
07/26/2021
CLAW

CLAW #21724418

Sold
$1,050,000

Schools & Community

Neighborhood: 

Los Feliz

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Anchor Loans Inc

Loan start date

January 2024

Original loan amount

$1,724,900

Est. remaining balance

Not provided

Interest rate

6.95%

Loan type

Building or Construction Loan, 1 year

Seller

Dls Holdings Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/10/2025 at 4:25 PM

Listing updated: 12/05/2024 at 3:10 AM

Listed by: Dario Svidler, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24466996

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