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1140 Lemoyne St 4 Unit Apartment Building $3,250,000 ($812,500/Unit) Los Angeles, CA 90026
Investment Highlights
- Fully Leased Echo Park 4-Unit LAR4 Asset
Executive Summary
Fully Leased Echo Park 4-Unit LAR4 Asset. Stunning Echo Park Craftsman Fourplex Fully Remodeled & Fully Leased. Beautifully restored and updated Craftsman-style fourplex located in the heart of Echo Park. Each of the four spacious units features 2 bedrooms and 1.5 bathrooms, blending classic architectural charm with modern updates. All units have been recently remodeled with stylish finishes, updated kitchens and bathrooms, and enjoy excellent natural light. Property is fully leased, presenting an outstanding turnkey investment opportunity. Set on a residential street, 1140Lemoyne St is surrounded by the best of Echo Park living just minutes to Echo Park Lake, Elysian Park, Sunset Blvd, and a vibrant mix of restaurants, cafes, and music venues. Residents enjoy walkable access to the neighborhood's eclectic charm, cultural landmarks, and green spaces, all within minutes of Downtown LA and major freeways. A rare chance to own a character-rich, income-generating asset in one of LA's most dynamic neighborhoods
Property Facts
| Price | $3,250,000 | Building Class | B |
| Price Per Unit | $812,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,688 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1915/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR4 - Multiple Dwelling | ||
| Price | $3,250,000 |
| Price Per Unit | $812,500 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 3,688 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2023 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Dining Room
- Family Room
- Handrails
- Island Kitchen
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5404-017-014 | Improvements Assessment | $1,071,000 |
| Land Assessment | $1,734,000 | Total Assessment | $2,805,000 |
Property Taxes
Parcel Number
5404-017-014
Land Assessment
$1,734,000
Improvements Assessment
$1,071,000
Total Assessment
$2,805,000
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1140 Lemoyne St
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