Your title is not very accurate. It should be ##L^p\subseteq L^1 + L^2## and not ##=##.
This can be generalized to the following: if ##p<r<q##, then ##L^r \subseteq L^p + L^q##. And curiously enough, a dual statement holds as well: ##L^p\cap L^q\subseteq L^r##.
Many of the properties of the ##L^p## spaces can be seen when you draw a small diagram.
Consider a square in ##\mathbb{R}^2## with vertices ##(1,0), (0,1), (-1,0), (0,-1)##.
The ##L^p## space is then given by the rectangle with vertices ##(1/p,1-1/p), (-1/p, 1-1/p), (1/p, -1+1/p), (-1/p, -1+1/p)##.
We see that ##L^2## is a square, which indicates self-duality. We see that ##L^p## and ##L^q## are dual spaces for ##\frac{1}{p}+\frac{1}{q}=1##. And we see that ##L^p+L^q\subseteq L^r## for ##p<r<q##.