1889 Lemoyne Street

Los Angeles, CA 90026

$2,150,000
Price
8
Beds
4
Baths
3,640 Sq. Ft.
$591 / Sq. Ft.
3,640
Sq. Ft.
$591
per Sq. Ft.

Description

Trophy Property.... A rare opportunity to own an income property in one of LA's hottest neighborhoods. Spectacular and secluded mid-century 4plex set high in the hills on a large lot north of Sunset in Echo Park. Magnificent views of downtown, Griffith Park Observatory and the Hollywood sign. The building provides one large 3 bedroom, 2-bathroom unit; three more units each have 2 bedrooms and 1 bathroom. These apartments feature sensible floor plans and amenities that include separate water heaters...Trophy Property.... A rare opportunity to own an income property in one of LA's hottest neighborhoods. Spectacular and secluded mid-century 4plex set high in the hills on a large lot north of Sunset in Echo Park. Magnificent views of downtown, Griffith Park Observatory and the Hollywood sign. The building provides one large 3 bedroom, 2-bathroom unit; three more units each have 2 bedrooms and 1 bathroom. These apartments feature sensible floor plans and amenities that include separate water heaters for each unit and a convenient laundry room. Unit #4 also has a large, permitted deck right off the kitchen and living room. Great outdoor space with two separate patios, all set on a beautiful hillside with black walnut trees, oranges, and figs. Residents enjoy an easy commute to nearby Glendale, Burbank and Downtown LA. Great rental income with room for improvement. Do not disturb occupants.
  1. Listed by Steve Flores • DRE #01272369 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1889 Lemoyne Street

Zoning
LAR2
Style
Mid-Century
Parcel Number
5420011001
Total Units
4.0
Living Area
3640
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0

Location

Listing Courtesy of Coldwell Banker Realty, Steve Flores, DRE #01272369
Add your commute
LISTING UPDATED: 02/22/2024 12:01 AM

Property Details for 1889 Lemoyne Street

StatusActive
MLS #24-357979
Days on Market79
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.18 AC / 7,686 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Steve Flores, DRE #01272369
Add your commute

Building Information for 1889 Lemoyne Street

Stories-Residences-Year Built1964Building Size-Lot Size0.18 AC / 7,686 SF

Payment Calculator

$12,234 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$501

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1889 Lemoyne Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Fourplex
  • View: Yes
  • View Description: Hills
  • View: Hills
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $141,070
  • Net Operating Income: $119,982.00
  • Gross Income: $141,070
  • Cap Rate: 5.60%
  • Gross Rent Multiplier: $15.44
  • Actual Annual Gross Rent: $140,490.00
  • Financial Info as Of: 12/31/2023
  • Total Annual Expense: 21088
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1764
  • Lot Size Square Feet: 7686
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 0
  • Covered Parking: 2
  • Open Other Spaces Total: 2
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Dishwasher
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,344.00
  • Unit Actual Rent: $2,344.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,261.00
  • Unit Actual Rent: $1,261.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $157,224.00
  • Assessed Improvement Percent: 35.36
  • Assessed Land Value: $287,378.00
  • Assessed Land Percent: 64.64
  • Assessed Total Value: $444,602.00

Property History for 1889 Lemoyne Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1889 Lemoyne Street

Taxable ValueLand$293,125Additions$160,368Total$453,493
Tax Record2023$6,012 ($501 / month)
Home Facts
Total Finished SqFt3,640 SqFtAbove Grade Finished SqFt3,640 SqFtLot Size7,686 SqFtStyleQuadraplexYear Built1964ZoningLAR2CountyLOS ANGELESAPN5420-011-001

Schools near 1889 Lemoyne Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Elysian Heights ES Arts Magnet
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Gabriella Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1889 Lemoyne Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on February 14, 2024 by Coldwell Banker Realty, it's currently listed at $2,150,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Elysian Heights ES Arts Magnet, Thomas Starr King Middle School and John Marshall Senior High School. 1889 Lemoyne Street is a 8-bed, 4-bath, 3,640 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Steve Flores, DRE #01272369

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.