SELECT 
  product_id, 
  feature_id, 
  variant_id 
FROM 
  cscart_product_features_values 
WHERE 
  product_id IN (727, 728, 729, 730, 731) 
  AND feature_id IN (50, 51) 
  AND lang_code = 'en'

Query time 0.00045

JSON explain

{
  "query_block": {
    "select_id": 1,
    "cost": 0.00787146,
    "nested_loop": [
      {
        "table": {
          "table_name": "cscart_product_features_values",
          "access_type": "range",
          "possible_keys": [
            "PRIMARY",
            "fl",
            "lang_code",
            "product_id",
            "fpl",
            "idx_product_feature_variant_id"
          ],
          "key": "fl",
          "key_length": "9",
          "used_key_parts": ["feature_id", "lang_code"],
          "loops": 1,
          "rows": 20,
          "cost": 0.00787146,
          "filtered": 50,
          "attached_condition": "cscart_product_features_values.product_id in (727,728,729,730,731) and cscart_product_features_values.feature_id in (50,51) and cscart_product_features_values.lang_code = 'en'",
          "using_index": true
        }
      }
    ]
  }
}

Result

product_id feature_id variant_id
730 50 5759
731 50 5759
727 50 5760
728 50 5761
729 50 5761
727 51 5762
728 51 5762
730 51 5762
729 51 5763
731 51 5763