Sold

507 E Avenue 28, LOS ANGELES, CA 90031

507 E Avenue 28

$1,130,000
SEE ALL PHOTOS

507 E Avenue 28$1,130,000Sold

$1,130,000
Sold
Motivated seller bring all offers. 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. 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

6
beds

5
baths

3,186 Sq.Ft. LIVING AREA

6,473 Sq.Ft. lot

Brock Harris

Brock Harris

Features & Amenities

Interior

  • total bedrooms6
  • Total bathrooms5
  • full bathrooms5
  • Laundry room Gas Dryer Hookup, Washer Hookup
  • Fireplace None

Area & Lot

  • Status Sold
  • Living Area3,186 Sq.Ft.
  • Lot Area6,473 Sq.Ft.
  • MLS® IDTR25149021MR
  • TypeMulti-Family
  • YEAR BUILT1988
  • View DescriptionNone
  • School DistrictLos Angeles Unified

Exterior

  • STORIES2
  • Garage Space2.0
  • water SourcePublic
  • PoolNone
  • AIR CONDITIONINGDuctless, Zoned
  • sewerNot Available, Public Sewer

Financial

  • Sales Price$1,130,000
  • Zoning LAR2
Follow Us

Let’s Make Your Real Estate Plan!

Brock & Lori are trusted real estate agents and advisors to thousands of clients throughout LA County. With Brock's 20+ years of buying, selling, and owning LA real estate, and Lori's legal background and design experience, you are in good hands. Looking to buy, sell or invest? Let’s make your real estate plan!