507 E Avenue 28
Los Angeles, CA, 90031
$1,299,000
6 Beds
5 Baths
3,186 SqFt
0.15 Acres
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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.

Property Details

Price:
$1,299,000
MLS #:
TR25149021
Status:
Active
Beds:
6
Baths:
5
Address:
507 E Avenue 28
Type:
Single Family
Subtype:
Duplex
Neighborhood:
677lincolnhts
City:
Los Angeles
Listed Date:
Jun 30, 2025
State:
CA
Finished Sq Ft:
3,186
ZIP:
90031
Lot Size:
6,473 sqft / 0.15 acres (approx)
Year Built:
1988
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Schools

School District:
Los Angeles Unified

Interior

Cooling
Ductless, Zoned
Fireplace Features
None

Exterior

Community Features
Suburban
Garage Spaces
2.00
Lot Features
Back Yard, Front Yard, Garden
Parking Spots
2.00
Pool Features
None
Sewer
None, Public Sewer
Stories Total
2
View
None
Water Source
Public

Financial

Association Fee
0.00

Map

Community

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507 E Avenue 28
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