507 E Avenue 28, Los Angeles, CA 90031 - Photo 1 of 1, Los Angeles, CA
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Sold$1,130,000on Sep 12, 2025

507 E Avenue 28, Los Angeles, CA 90031

Ricky&Jessie Realty
6Beds
5Baths
0
57Days Listed

About This Property

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. Contact broker for details and private showings. 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. Dont miss this well-positioned, high cash-flow property in a rapidly growing neighborhood

Ricky LeeRicky&Jessie Realty909-348-3956

Property Location

Map

Property Details

Property Type
Res Income 2-4 Units
Bedrooms
6
Bathrooms
5
Building Area
0 Sqft
Living Area
0 sqft
Year Built
0
Status
Sold
Days on Market
57
Cumulative Days on Market
58
Original Price
$1,199,900

Location & Neighborhood

Local schools, parks, transit, and amenity information is being gathered for this listing. Check back soon for detailed neighborhood insights.

Los Angeles Market Snapshot

1,499

Active Listings

$798K

Median Price

83

Avg Days on Market

Last updated: Sep 29, 2025

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Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.

$1,199,900