507 E Avenue 28, Los Angeles, CA 90031
Duplex · 2 recorded sales since 2021
Sold September 2025
Listing Agent: Ricky Lee (DRE #01932116) · Listing Office: Ricky&Jessie Realty · Contact: 9093483956 · Bought with: Brock Harris · Keller Williams Realty Los Feliz · MLS #TR25153032 · Source: CRMLS
About this duplex
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. Don’t miss this well-positioned, high cash-flow property in a rapidly growing neighborhood
Listing description from the September 2025 sale, as reported to CRMLS.
Sale history
