2136 Lemoyne Street, Los Angeles, CA 90026
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
Listed by: jeanine davidson
Office: exp realty of california inc
MLS#:25572545
Source:CRMLS
Price summary
- Price:$1,997,000
- Price per sq. ft.:$904.03
About this home
Echo Park Duplex Renovated, Tenant-Occupied, and Investor-Friendly with ADU Upside Potential. Strong investment opportunity in one of Los Angeles' most appealing rental markets. With pro forma cap rate of 6.01% (not including ADU Upside), this renovated Echo Park duplex delivers income in place with month-to-month tenants, low-maintenance ownership from over $350,000 in improvements, and clear upside with a spacious two-car garage suitable for ADU conversion or additional living space. Set on a low-maintenance, natively landscaped hillside lot in Elysian Heights, the property includes two fully detached units, each on month-to-month leases, providing investors with both income and flexibility. Over $350,000 in capital improvements have been completed, including updated electrical, plumbing, and sewer line, renovated kitchens and baths, central HVAC, tankless water heaters, energy-efficient windows and insulation, a new driveway, exterior and interior paint, and full landscaping.The front unit is a classic 1920s Craftsman featuring two bedrooms, one and a half baths, a bonus office, a gas fireplace, an updated kitchen with adjoining laundry, and a private shaded patio. The rear unit is a detached two-story home with two bedrooms plus a large downstairs bonus room or guest suite with its own bath, ideal as a third bedroom or studio. It also includes direct access to a covered patio and a fenced backyard with mature fruit trees. Both units feature their own garage along with additional off-street parking, an attractive amenity for tenants.This property offers a rare combination of immediate cash flow, pride-of-ownership condition, and long-term upside. Perfect for investors seeking stable rental income, a value-add opportunity, a 1031 exchange, or future owner-occupancy with rental income already in place.
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Home facts
- Year built:1924
- Listing ID #:25572545
- Added:153 day(s) ago
- Updated:December 19, 2025 at 02:14 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Living area:2,209 sq. ft.
Heating and cooling
- Heating:Central Furnace, Space Heater
Structure and exterior
- Roof:Shingle
- Year built:1924
- Building area:2,209 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,997,000
- Price per sq. ft.:$904.03
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