1140 Lemoyne Street, Los Angeles, CA 90026
Property · 2 recorded sales since 2021
Sold July 2023
Listing Agent: Ken Shapiro (DRE #01715663) · Listing Office: Silverwood Properties · Contact: 213-250-4404 · Bought with: Prakash Shroff · Compass · MLS #23252643 · Source: CRMLS
About this property
We are presenting to the marketplace a four-plex in prime Echo Park that has been very tastefully and thoroughly renovated. It has also been stocked with wonderful tenants who are all paying market rent and absolutely loving their apartments. Each apartment has its own balcony/patio as private outdoor space, and they each have at least one, and some of them, two car parking. It has lots of vintage features, including original hardwood floors and built-ins. The units are light and airy and have a great open floor plan. The location is pretty perfect, on a street with mostly vintag-y, character-y properties, just like this one. In one direction, half a block away, it is walking distance to the iconic Echo Park Lake and in the other direction, mere steps away, are all the shops, bars and restaurants that have made Echo Park a hugely popular destination spot. There is central heat and air and laundry in each unit. And it is one of the few multi-family properties in Silver Lake/Echo Park where you can actually cash flow on day one. As an added bonus, there are plans for two large ADUs in the back of the lot (see renderings in the photos.) Additional parking will exist to accommodate more units if and when the ADUs get built. For anyone willing to take that project on, it will be a huge increase in cash flow. This will be a great acquisition for either an owner-user or an investor. Call listing agent if you have questions or want more info.
Listing description from the July 2023 sale, as reported to CRMLS.
Sale history
