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Recently Remodeled Fourplex 1140 Lemoyne St 4 Unit Apartment Building $4,496,700 CAD ($1,124,175 CAD/Unit) Los Angeles, CA 90026
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Investment Highlights
- Fully Stabilized, 100% Leased — Fully occupied fourplex providing immediate cash flow and operational stability at acquisition.
- Comprehensive 2023 Renovation — Updated kitchens, baths, in-unit laundry, central HVAC, and modern finishes throughout all units.
- Large, Consistent Unit Mix — Four spacious 2-bed, 1.5-bath units averaging 922 SF with broad renter appeal and simplified management.
- Turnkey Residential Asset — Recently renovated property offering strong tenant appeal and minimal near-term capital needs.
- LAR4 Zoning on 6,773 SF Lot — Existing fourplex with potential for future ADU additions, subject to city approvals.
- Prime Echo Park Location — Walkable to Echo Park Lake, Elysian Park, Sunset Blvd, and minutes from Downtown Los Angeles.
Executive Summary
The Agency is pleased to present 1140 Lemoyne Street, a fully renovated 1915 Craftsman fourplex located on a quiet residential street in the heart of Echo Park. The property consists of four spacious two-bedroom, one-and-a-half-bathroom units totaling 3,688 rentable square feet on a 6,773 -square-foot lot zoned LAR4.
Beautifully restored and updated Craftsman-style fourplex located in the heart of Echo Park. Each of the four spacious units features two (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 Street is surrounded by the best of Echo Park living, just minutes to Echo Park Lake, Elysian Park, Sunset Boulevard, 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 Los Angeles (LA) and major freeways. A rare chance to own a character-rich, income-generating asset in one of LA's most dynamic neighborhoods.
To learn more about this rare Echo Park investment opportunity, please contact Prakash Shroff at The Agency for additional information and offering details.
Beautifully restored and updated Craftsman-style fourplex located in the heart of Echo Park. Each of the four spacious units features two (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 Street is surrounded by the best of Echo Park living, just minutes to Echo Park Lake, Elysian Park, Sunset Boulevard, 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 Los Angeles (LA) and major freeways. A rare chance to own a character-rich, income-generating asset in one of LA's most dynamic neighborhoods.
To learn more about this rare Echo Park investment opportunity, please contact Prakash Shroff at The Agency for additional information and offering details.
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Offering Memorandum Click Here to Access
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Property Facts
| Price | $4,496,700 CAD | Building Class | B |
| Price Per Unit | $1,124,175 CAD | 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 | $4,496,700 CAD |
| Price Per Unit | $1,124,175 CAD |
| 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
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Dinette | Cafe | $$ | 3 min walk |
| Baby Blues BBQ | Barbecue | $$$ | 4 min walk |
| Rodeo Mexican Grill Ex | Mexican | $$$ | 3 min walk |
| Alejandrags Quesadilla Cart | - | - | 3 min walk |
| Ljgs Fish & Shrimp Taco | - | - | 3 min walk |
| Domino’s | - | - | 5 min walk |
| Woodcat Coffee Bar | - | - | 5 min walk |
| Angilino Bakery | Bakery | $ | 6 min walk |
| Happy Tacos | - | - | 6 min walk |
| KFC | - | - | 6 min walk |
Retail |
||
|---|---|---|
| Shoe Palace | Shoes | 1 min walk |
| Club Pilates | Fitness | 2 min walk |
| Walgreens | Drug Store | 3 min walk |
| Vons | Supermarket | 8 min walk |
| T-Mobile | Wireless Communications | 7 min walk |
| Verizon | Wireless Communications | 8 min walk |
| Sprouts Farmers Market | Supermarket | 8 min walk |
| 7-Eleven | Convenience Market | 10 min walk |
| The UPS Store | Business/Copy/Postal Services | 11 min walk |
| Joy Dog Grooming | Animal Care/Groom | 10 min walk |
Hotels |
|
|---|---|
| Aiden by Best Western |
52 rooms
5 min drive
|
| DoubleTree by Hilton |
434 rooms
6 min drive
|
| Omni |
453 rooms
5 min drive
|
| Hilton |
193 rooms
5 min drive
|
| Holiday Inn Express |
80 rooms
5 min drive
|
| Trademark Collection by Wyndham |
53 rooms
6 min drive
|
Property Taxes
| Parcel Number | 5404-017-014 | Improvements Assessment | $1,511,472 CAD |
| Land Assessment | $2,447,146 CAD | Total Assessment | $3,958,618 CAD |
Property Taxes
Parcel Number
5404-017-014
Land Assessment
$2,447,146 CAD
Improvements Assessment
$1,511,472 CAD
Total Assessment
$3,958,618 CAD
Sale Advisors
Sale Advisors
Prakash Shroff, Broker Associate - Commercial Real Estate
With a unique blend of artistic vision and business acumen, Prakash brings an unparalleled perspective to the world of commercial real estate. Before transitioning into a successful career as a broker, Prakash spent years as a creative in the business of fashion, working with leading brands, publications, and creatives in the industry. This creative background fosters an eye for detail, aesthetics, and innovative problem-solving-qualities that translate seamlessly into identifying exceptional opportunities for clients and crafting tailored strategies in the competitive commercial real estate market. Now, as a trusted advisor, Prakash leverages an extensive network, sharp negotiation skills, and a passion for helping clients achieve their investment and business goals. Whether working with property acquisitions, leases, or developments, he approaches every project with the utmost dedication and professionalism that it deserves.
Simon Rihana, Realtor
Simon Rihana is a real estate professional and well-known as an international artist, with roots in Denmark and Los Angeles. Simon has worked in the makeup and cosmetic industry for over 30 years, and has been naturally exposed to real estate with his exuberant character, and performing above and beyond his client's expectations in an elevated fashion as he has always been known for. As a worldly individual who has showcased his talents and been recognized across European and American media outlets for years on end.
Simon’s work ethic and dedication to his clients translated to his new positioning within Compass and a team that ranked within the 1.5% of real estate professionals across the United States.
Simon’s work ethic and dedication to his clients translated to his new positioning within Compass and a team that ranked within the 1.5% of real estate professionals across the United States.
Greg Engel, Broker Associate
Greg Engel has over 25 years of extensive experience in Commercial Real Estate with $1B+ in sales, including hundreds of transactions closed on the sides of buyers, sellers, investors and corporate offices. Prior to his venture in Commercial Real Estate, Greg was President and Senior Director of a physician’s service company for 20+ years, opening practices throughout Southern California including dental and medical centers while handling the leasing and purchasing of prospective locations.
Greg personally and successfully negotiates the sales and purchases of a wide variety of asset classes including multi-family, land, retail, entertainment venues, development sites, religious properties, distressed properties. Greg and his team specialize in the execution of creative real estate marketing strategies and principles across all property types. As a full-service commercial real estate team, the team’s focus is centered around in-depth investment analysis for clients, acquisitions, development and disposition management, complemented by a detail-oriented due-diligence process with comprehensive research capabilities. Throughout his career, Greg has been known as an innovator in the real estate marketplace with a strong reputation, always rising to the occasion and going above and beyond his clients’ needs.
Greg personally and successfully negotiates the sales and purchases of a wide variety of asset classes including multi-family, land, retail, entertainment venues, development sites, religious properties, distressed properties. Greg and his team specialize in the execution of creative real estate marketing strategies and principles across all property types. As a full-service commercial real estate team, the team’s focus is centered around in-depth investment analysis for clients, acquisitions, development and disposition management, complemented by a detail-oriented due-diligence process with comprehensive research capabilities. Throughout his career, Greg has been known as an innovator in the real estate marketplace with a strong reputation, always rising to the occasion and going above and beyond his clients’ needs.
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Recently Remodeled Fourplex | 1140 Lemoyne St
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