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 Single Family Home
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 3,186 sqft
Price per Sqft $376
MLS Listing ID CRTR25149021
Bedrooms 6
Full Baths 5
Year Built 1988
Lot Size 6,473 Sqft
Property Sub-Type Duet
Property Description
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. 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 ar
Location
State CA
County Los Angeles
Interior
Cooling Central Air,Other
Fireplaces Type None
Laundry Gas Dryer Hookup,Other
Exterior
Garage Spaces 2.0
Pool None
View None
Building
Lot Description Back Yard
Story 1
Water Public
Schools
School District Los Angeles Unified