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Listed by Ricky Lee • Ricky&Jessie Realty
$ 1,199,900
Est. payment /mo
Price Dropped by $99K
507 E Avenue 28 Los Angeles, CA 90031
6 Beds
5 Baths
3,186 SqFt
UPDATED:
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 CRTR25149021
Bedrooms 6
Full Baths 5
Year Built 1988
Lot Size 6,473 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
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. 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 convenie
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LAR2
Interior
Cooling 9
Fireplaces Type None
Laundry Gas Hookup, 30
Exterior
Garage Spaces 2.0
Pool None
View None
Building
Story One Story
Sewer None
Water District - Public
Others
Tax ID 5206019040
Special Listing Condition Not Applicable
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