CA > Los Angeles
Los Angeles, CA 90031,507 E Avenue 28
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Los Angeles, CA 90031,507 E Avenue 28
Los Angeles, CA 90031,507 E Avenue 28
Los Angeles, CA 90031,507 E Avenue 28
Los Angeles, CA 90031,507 E Avenue 28
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Alex Duarte

Alex Duarte

+1(714) 373-6828
$ 1,299,000
Est. payment /mo
Save
Price Dropped by $40K

507 E Avenue 28 Los Angeles, CA 90031

6 Beds

5 Baths

3,186 SqFt

OPEN HOUSE

Sat Jul 12, 2:00pm - 4:00pm

Sun Jul 13, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,186 sqft

Price per Sqft $407

MLS Listing ID TR25149021

Bedrooms 6

Full Baths 5

HOA Y/N No

Year Built 1988

Lot Size 6,473 Sqft

Property Sub-Type Duplex

Property Description

Just reduced by $40,000! Estimated **6% cap rate based on projected rents .Buyer to verify. Why settle for one when you can own two? For the price of a single home in Highland Park or Mt. Washington, this is your opportunity to own two fully remodeled, detached homes on one lot, each with its own address, private entrance, separate meters, and outdoor space—delivered 100% vacant and ready for immediate occupancy or rental.Ideal for both investors and owner-occupants, this versatile Lincoln Heights duplex offers projected rental income of approximately $8,500/month (rear unit: $4,600 / front unit: $3,900), delivering strong cash flow potential in a desirable, centrally located neighborhood.The front home (2BR + den / 2BA, approx. 1,206 sq ft, built in 1895) features a flexible bonus room that could serve as a 3rd bedroom or office, plus a private-entry bedroom ideal for a potential studio suite.The rear home (3BR / 2.75BA, approx. 1,980 sq ft, built in 1988) offers high ceilings, open layout, granite kitchen, spacious living areas, and a primary suite with en-suite bath. A 2-car attached garage adds convenience and value.Fully updated with separate gas and electric meters and a recorded parcel map. Conveniently located near DTLA, Keck USC, Highland Park, and Silver Lake.

Seller is motivated and open to offers. Showings available now—don't miss this well-positioned income opportunity.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Zoning LAR2

Rooms

Main Level Bedrooms 6

Interior

Interior Features Jack and Jill Bath, Walk-In Closet(s)

Cooling Ductless, Zoned

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban

Utilities Available Sewer Not Available

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard, Garden

Dwelling Type Duplex

Story 2

Entry Level One,Two

Sewer Public Sewer, None

Water Public

Level or Stories One, Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5206019040

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Lease Land No

CRMLS – RECore
Listed by Ricky Lee Ricky&Jessie Realty 6265679899
agent

Alex Duarte

Owner | i01970077

+1(714) 373-6828

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