507 E Avenue 28 Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90031
OPEN HOUSE
Sat Jul 19, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,186 sqft
Price per Sqft $376
MLS Listing ID TR25149021
Bedrooms 6
Full Baths 5
HOA Y/N No
Year Built 1988
Lot Size 6,473 Sqft
Property Sub-Type Duplex
Property Description
Now offered at $1,199,000 ! 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. Public open houses scheduled for Saturday and Sunday. All offers due by Monday 7/21
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
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LAR2
Rooms
Main Level Bedrooms 6
Interior
Interior Features Jack and Jill Bath,Walk-In Closet(s)
Cooling Ductless,Zoned
Fireplaces Type None
Fireplace No
Laundry Washer Hookup,Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Suburban
Utilities Available Sewer Not Available
View Y/N No
View None
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard,Front Yard,Garden
Dwelling Type Duplex
Story 2
Entry Level One,Two
Sewer Public Sewer,None
Water Public
Level or Stories One,Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5206019040
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard