507 E Avenue 28

Los Angeles, CA 90031

  • 6 Bed(s)
  • 5 Bath(s)
  • 3,186 Sqft
  • 6473
    Sqft(Lot)
$1,199,900

Description

Now offered at $1,199,900 ! outstanding value in lincoln heights!

generating an estimated $102,000 annual rental income with a projected 7%+ net cap rate, this is a rare high cash-flow opportunity with modern upgrades and excellent rental upside.

contact broker for details and private showings. public open houses scheduled for saturday and sunday. all offers due by monday 7/21



why settle for one when you can own two? for the price of a single home in highland park or mt. washington, own two fully remodeled, detached homes on one lot ,each with separate addresses, private entrances, separate meters, and outdoor spaces , -delivered 100% vacant and ready for immediate occupancy or rental.



ideal for both investors and owner-occupants, this versatile lincoln heights duplex offers projected gross rental income of approximately $8,800/month (rear unit: $4,600, front unit: $4,200), delivering strong cash flow in a centrally located neighborhood.



the front home (2br + den / 2ba, approx. 1,206 sqft, built in 1895) features a flexible bonus room that could serve as a third bedroom or office, plus a private-entry bedroom ideal for a potential studio suite.



the rear home (3br / 2.75ba, approx. 1,980 sqft, built in 1988) boasts high ceilings, an open layout, granite kitchen, spacious living areas, and a primary suite with en-suite bath. a 2-car attached garage adds convenience and value. located near dtla, keck usc, highland park, and silver lake.



showings available now. don’t miss this well-positioned, high cash-flow property in a rapidly growing neighborhood

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50447278

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer,None

    Interior Features

    • Interior Features: Jack and Jill Bath,Walk-In Closet(s)
    • Fireplace: None

    Cooling Features

    • Ductless,Zoned
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1988
    • Building Area Total: 3,186

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1486
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6473

  • Listing Price Information

    • Original List Price: 1,199,900
    • Listing Contract Date: 2025-07-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5206019040

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 677 - Lincoln Hts
    • Postal Code Plus 4: 2029
    • Directions: E ave 28 / Montecito St .
    • Zoning: LAR2
    • Source Property Type: Residential Income
    • Area: 677 - Lincoln Hts
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 37
    • Common Walls: No Common Walls
    • Structure Type: Duplex
    • Year Built Source: See Remarks
    • Entry Level: 1
    • Entry Location: Front door
    • Levels or Stories: One,Two
    • Building Total Stories: 1
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BuyOwner last updated this listing 07/27/2025 @ 03:21

  • MLS: TR25153032
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is for sale, it has 3,186 sqft, 6,473 sized lot, and 2 parking. are nearby neighborhoods.