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507 E Avenue 28
For Sale $1,299,000 ($407.72 per Sq Ft)
$1,299,000 ($407.72 per Sq Ft)
- 6 Bedrooms
- 5 Bathrooms
- 3,186 Sq Ft
- 6,473 Sq Ft
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,299,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 3,186 |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1988 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5206019040 |
| MLS # | TR25149021 |
| Property ID | 321951008 |
| Lot Sqft | 6,473 |
| Zoning | LAR2 |
| Total Units | 2 |
| Days on Market | 15 |
| Original List Price | $1,339,000 |
| Date Updated | July 13, 2025 |
| Date Created | June 30, 2025 |
Listing Provided By
Ricky Lee an agent of PYC Financial. Lic #01932116
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of July 13, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT