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1524 Myra Ave, Los Angeles, CA 90027
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1524 Myra Ave Los Angeles, CA 90027

$1,750,000 Sold Price as of 05/09/2023
  • 8 Beds
  • 4 Baths
  • 4,144 Sq.Ft.
Sold
$1,750,000 Sold Price as of 05/09/2023 Refinance Your Mortgage
Map preview of 1524 Myra Ave, Los Angeles, CA 90027

Property Overview: 1524 Myra Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,144 living square feet and 4,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located on a quiet street, this 1920s Spanish Colonial Revival features four spacious and bright 2 BD / 1 BR units, spanning over two stories, measuring over 1,000 SqFt each, with a 350 SqFT Garage. Nestled between buzzing Sunset Junction and Hyperion Ave, the property pairs period details such as original windows and hardwood floors with modern amenities including in-unit washer/dryer (in 3/4 units), individually metered utilities and hot water heaters in every unit. Units share a similar layout with a separate light-filled sunroom/ dining room facing the street, primary bedroom with walk-in closets, second bedroom and kitchen towards the back and bathrooms with tub; upstairs units are accessed by private staircase and downstairs units are accessed by breezeway.The property currently yields a monthly income of $8,003; its projected rent is $11,300. One unit to be delivered vacant (1528 Myra Ave), two units are currently rented at market value and one below market value. 1524 Myra Ave (1,010 SqFt) has been recently updated, with new central heat/air, new soft panels, 50/50 galvanized/copper plumbing, an all modern kitchen, a functioning gas fireplace as well as a privatized breezeway. 1526 Myra Ave (1,051 SqFt) has original wiring, new copper piping and no heater. In good condition overall. 1528 Myra Ave (1,051 SqFt) has been carefully renovated and features new wiring, copper piping as well as updated bathroom and kitchen and a new furnace. 1530 Myra Ave (1,010 SqFt) has original wiring, galvanized piping, a wall furnace, and currently has no laundry connected but can be put in. The two car garage will be delivered vacant; potential to repurpose the space. Electrical fast charger currently assigned to vacant unit (1528 Myra Ave) but could be reassigned. Flat roof with Spanish tiles around. New electrical panel. This attractive building is in a highly desirable neighborhood and presents a wonderful investment opportunity for the savvy investor.

Listed by George E Penner | BRE #01394929 | DPP
Last checked: 11 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
4,501
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
23250379
City
Los Angeles
County
Los Angeles
Time on Site
433 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,295
  • Total Rent: $3,295
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,508
  • Total Rent: $1,508
  • Pro Forma/Market Rent: $3,295
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.56%
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: --
  • Net Operating Income: $73,848
  • Gross Operating Income: $96,036
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1524 Myra Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Oven
Interior Features
  • Levels: Two
  • Window Features: French/Mullioned
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5430023024
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please use navigation.
View more facts & features

Local Los Angeles Agent

Sale History for 1524 Myra Ave

Last sold for $1,750,000 on May 9th, 2023

  • May, 2023

  • May 9, 2023

    Date

    Sold

    CRMLS: 23250379

    $1,750,000

    Price

  • Mar 13, 2023

    Date

    Active

    CRMLS: 23250379

    $1,895,000

    Price

  • August, 2018

  • Aug 22, 2018

    Date

    Leased

    CRMLS: 18373718

    $3,000

    Price

  • Aug 16, 2018

    Date

    Pending

    CRMLS: 18373718

    $3,250

    Price

  • Aug 9, 2018

    Date

    Active

    CRMLS: 18373718

    $3,250

    Price

  • Listing provided courtesy of CRMLS

    Rarely available furnished 1920s vintage Spanish Colonial Revival 4-plex in the heart of Los Feliz Village. Period details with modern amenities including enclosed breezeway, hardwood floors, cozy fireplace, new central heat and air; all new modern kitchen, Master Bedroom with large walk-in closet; separate dining room/sun room. Being leased furnished; a $250 discount will be allowed if leased unfurnished. Available for immediate occupancy.

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Tax History for 1524 Myra Ave

Assessed Value (2020): $312,230
Year Land Value Improved Value Assessed Value
2020 $130,743 $181,487 $312,230

Home Value Compared to the Market

This property vs the competition

1524 Myra Ave sold on May 9, 2023 for 59.24% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $457.29 per/sqft which puts the price per square foot 39.43% lower than the current median sale per square foot for the city of Los Angeles.

About 1524 Myra Ave

Detailed summary of property

1524 Myra Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 4,144 living square feet, and sits on an approximately 4,501 square foot lot. 1524 Myra Ave was first listed on ArdentRealEstateGroup.com on March 13, 2023. The homeowner sold the property for $1,750,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 59.24% higher than the current median priced home. Local homes that are currently for sale include 802 N Dillon St, 1027 N Edgemont St and 1627 Mccollum St. While the average home in Los Angeles, CA is selling in 92 days, 1524 Myra Ave has a days on market of 57 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1524 Myra Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1524 Myra Ave

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
4,144
Lot Size
4,500
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
5430-023-024

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,370,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
87
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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