1933 Lemoyne Street, Los Angeles, CA

Calling all investors or someone that wants a beautiful hillside home that has amazing income generating units to offset mortgage. Nestled in the heart of Echo Park, 1933 Lemoyne St offers a unique investment opportunity. This multi-family property comprises a triplex and two additional unpermitted Accessory Dwelling Units (ADUs), totaling eight bedrooms and eight bathrooms across approximately 4,500 square feet of living space. Each unit has been thoughtfully updated to blend modern amenities with classic charm. Currently generating a monthly rental income of $25,200, this property promises immediate cash flow. Development Opportunity: The property includes an additional lot measuring 2,812.5 sq ft, expanding the total lot size to approximately 11,777.5 sq ft. With the enactment of California's Senate Bill 9 (SB 9), there's potential to split the lot and develop additional units, subject to local zoning regulations. The property offers four dedicated parking spots, a valuable amenity in this bustling neighborhood. Prime Location located in the vibrant Echo Park hills neighborhood, residents enjoy proximity to trendy cafes, boutique shops, scenic parks, and a thriving arts scene. The property's central location provides easy access to Downtown Los Angeles and major freeways. Schedule a Private Showing