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507 E Avenue 28
For Sale $1,199,900 ($376.62 per Sq Ft)
$1,199,900 ($376.62 per Sq Ft)
- 6 Bedrooms
- 5 Bathrooms
- 3,186 Sq Ft
- 6,473 Sq Ft
Description
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
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 | $1,199,900 |
| 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 | 167 |
| Original List Price | $1,339,000 |
| Date Updated | September 22, 2025 |
| Date Created | June 30, 2025 |
Listing Provided By
Ricky Lee an agent of . Lic #01932116
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 22, 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.
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Robert Crawford
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