$ 1,997,000
-
$1,997,000
Price -
5
Bed -
4
Bath -
2,209
SqFt
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About the Listing X78984 - C144182
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.
Listing Highlights
Status
Active
Days on Site
141
Property Type
Multi-Family
MLS ®
25572545
Year Built
1924
Total Square Footage
2,209
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances: Free Standing Gas, Gas, Oven-Gas, Range Hood, Cooktop - Gas
- Air Cond: Air Conditioning,Ceiling Fan
- Heating: Central,Space Heater
- Fireplaces: Living Room
- Floor: Hardwood,Linoleum,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Remodeled,Tile,Low Flow Toilet(s),Shower Over Tub,Shower Stall,Main Floor Bedroom,Ground Floor Primary,Detached/No Common Walls,Turnkey,220V Throughout,Counter Top,Pantry,Bonus Room,Dining Room,Patio Open,Powder,Patio Covered
- Water:
Exterior Details
- Lot Description: Curbs,Fenced,Front Yard,Back Yard,Landscaped,Walk Street,Sidewalks,Street Lighting,Street Paved,Yard
- Garage Capacity: 2 car
- Parking Spaces: 4
- Lot Dimensions: 50x150x50x150
- Zoning: LAR1
- Roof: Shingle
- Others: Updated/Remodeled
- Sewer: In Street
- Parking Features: Above Street Level,Driveway,Garage Is Attached,Garage Is Detached,Garage - 2 Car,Parking Space,Parking for Guests,Uncovered,Covered Parking,Detached,Door Opener
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
2136 Lemoyne St Los Angeles, CA 90026
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