1515 MYRA Ave, Los Angeles, CA 90027

Property Description

Charming, two-structure triplex in prime Los Feliz consisting of a 2 bed, 1 bath freestanding house and a separate duplex with two large 1 bed, 1 bath stacked units. Ideally located on the border of Los Feliz and Silverlake, and completely untouched, this property is hitting the market for the first time in 59 years and needs some love! The front house - located at 4102 Cumberland - is a 2 bed, 1 bath Craftsman home sitting on a grassy square lot. The home features a large living room with charming river rock fireplace, two bedrooms with a jack-and-jill bathroom, separate dining room with fireplace, kitchen, and laundry room. The duplex is located next door to the main house - at 1515/1517 Myra - and features 2 stacked 1 bed, 1 bath units. Each large unit features a kitchen, living room, dining room, and bedroom. Perfect for homeowners looking for a mortgage helper or investors seeking a major value-add property! And with the many upgrades this property requires, the new owner will get top rents for the units in this extremely desirable location. The front house and lower unit of the duplex are both vacant; the upper unit is currently rented well below market value at $700/mo. The entire property is rent-controlled; the tenant-occupied upper unit is not available for showing prior to acceptance of buyer offer, and cannot be delivered vacant - please do not disturb the tenant. Located in (and walkable to) coveted Franklin Avenue Elementary School, and walkable to Los Feliz and Silver Lake's hottest bars, restaurants and shops. With some thoughtful upgrades, this property could be what every homeowner/tenant in this market is looking for!