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1140 Lemoyne St, Los Angeles, CA 90026
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1140 Lemoyne St Los Angeles, CA 90026

$2,750,000 Sold Price as of 07/20/2023
  • 8 Beds
  • 4 Baths
  • 3,688 Sq.Ft.
Sold
$2,750,000 Sold Price as of 07/20/2023 Refinance Your Mortgage
Map preview of 1140 Lemoyne St, Los Angeles, CA 90026

Property Overview: 1140 Lemoyne St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,688 living square feet and 6,771 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Ken Shapiro | BRE #01715663 | Silverwood Properties
Last checked: 8 minutes ago | Last updated: July 20th, 2023 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
6,771
HOA Dues
$0/mo
Year built
1915
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23252643
City
Los Angeles
County
Los Angeles
Time on Site
472 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: $3,595
  • Total Rent: $3,595
  • Pro Forma/Market Rent: $3,595
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,950
  • Total Rent: $3,950
  • Pro Forma/Market Rent: $3,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,595
  • Total Rent: $3,595
  • Pro Forma/Market Rent: $3,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,950
  • Total Rent: $3,950
  • Pro Forma/Market Rent: $3,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.22
  • Gross Scheduled Income: --
  • Net Operating Income: $126,756
  • Gross Operating Income: $181,080
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1140 Lemoyne St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Concrete, Parking Space, Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5404017014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: See google Maps - right near Sunset Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1140 Lemoyne St

Last sold for $2,750,000 on July 20th, 2023

  • July, 2023

  • Jul 20, 2023

    Date

    Sold

    CRMLS: 23252643

    $2,750,000

    Price

  • Apr 20, 2023

    Date

    Active

    CRMLS: 23252643

    $2,595,000

    Price

  • January, 2023

  • Jan 6, 2023

    Date

    Leased

    CRMLS: 22213031

    $3,495

    Price

  • Oct 27, 2022

    Date

    Active

    CRMLS: 22213031

    $3,850

    Price

  • Listing provided courtesy of CRMLS

    These 2 bedroom 1.5 bath units are beautifully renovated with hardwood floors and original built in wood cabinetry throughout ready for you to move in now! Whilst keeping the beauty of the era it was built, it has modern finishes and fixtures for convenience and comfort. Located mere steps from Sunset Blvd and its offerings of cafe's, restaurants, book stores, Lassens etc and a 7 min walk to the Echo Park lake - This location cannot be beat! Lower unit comes with front patio and designated "front yard" space. Also features central AC, brand new stainless steel appliances including front loading washer and dryer, brand new window treatments and automated gated parking for one vehicle in rear. - Parking an extra $100 per month. TEXT FOR SHOWINGS / Please Note: Security Deposit may be subject to increase based on application findings

  • December, 2022

  • Dec 30, 2022

    Date

    Leased

    CRMLS: 22221837

    $3,495

    Price

  • Nov 30, 2022

    Date

    Active

    CRMLS: 22221837

    $3,495

    Price

  • Listing provided courtesy of CRMLS

    These 2 bedroom 1.5 bath units are beautifully renovated with hardwood floors and original built in wood cabinetry throughout ready for you to move in now! Whilst keeping the beauty of the era it was built, it has modern finishes and fixtures for convenience and comfort. Located mere steps from Sunset Blvd and its offerings of cafe's, restaurants, book stores, Lassens etc and a 7 min walk to the Echo Park lake - This location cannot be beat! Lower unit comes with front patio and designated "front yard" space. Also features central AC, brand new stainless steel appliances including front loading washer and dryer, brand new window treatments and automated gated parking for one vehicle in rear - Parking an extra $100 per month. TEXT FOR SHOWINGS / Please Note: Security Deposit may be subject to increase based on application findings

  • December, 2020

  • Dec 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1140 Lemoyne St

Assessed Value (2020): $108,019
Year Land Value Improved Value Assessed Value
2020 $44,795 $63,224 $108,019

Home Value Compared to the Market

This property vs the competition

1140 Lemoyne St sold on July 20, 2023 for 131.7% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $703.63 per/sqft which puts the price per square foot 2.81% lower than the current median sale per square foot for the city of Los Angeles.

About 1140 Lemoyne St

Detailed summary of property

1140 Lemoyne St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,688 living square feet, and sits on an approximately 6,771 square foot lot. 1140 Lemoyne St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,750,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 131.7% higher than the current median priced home. Local homes that are currently for sale include 429 S Union Ave, 639 Robinson St and 137 S La Fayette Park Pl. While the average home in Los Angeles, CA is selling in 106 days, 1140 Lemoyne St has a days on market of 53 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1140 Lemoyne St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1140 Lemoyne St

Public county record property details
Beds
4
Baths
4
Year built
1915
Sq. Ft.
3,688
Lot Size
6,771
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
59
APN
5404-017-014

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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