507 E Avenue 28

Los Angeles, CA 90031

About this property

Why settle for one when you can own two? For the price of a single updated home in Highland Park or Mt. Washington, this rare opportunity delivers two fully remodeled detached homes on one loteach with its own address, private entrance, separate meters, and outdoor space. Live in one, let the other pay your mortgage. This beautifully remodeled VACANT duplex in Lincoln Heights offers excellent flexibility and income potential, with projected rent up to $9,000/month (estimate: $4,600 rear unit + $4,400 front unit, depending on layout, furnishings, and market conditions). The front house (built 1895) offers 2 bedrooms, 2 bathrooms, a den (convertible to a 3rd bedroom or office), approx. 1,206 sq ft, a tranquil garden yard, and a private-entry bedroom ideal for rental or independent living. One of the bedrooms and bathrooms is already situated with its own private entrance and hallway, making it the perfect candidate to convert into a separate studio suite. The back house (built 1988) features 3 bedrooms, 2.75 bathrooms, approx. 1,980 sq ft of bright open space, high ceilings, granite kitchen, spacious living room, and a primary suite with en-suite bath. Attached 2-car garage adds convenience and storage. Fully updated, with separate gas and electric meters. Delivered vacant and ready to generate income . Minutes to DTLA, Keck USC, Silver Lake, Highland Park, and Pasadena. BEST VALUE IN 90031DO NOT MISS THIS OPPORTUNITY!

About this property

Why settle for one when you can own two? For the price of a single updated home in Highland Park or Mt. Washington, this rare opportunity delivers two fully remodeled detached homes on one loteach with its own address, private entrance, separate meters, and outdoor space. Live in one, let the other pay your mortgage. This beautifully remodeled VACANT duplex in Lincoln Heights offers excellent flexibility and income potential, with projected rent up to $9,000/month (estimate: $4,600 rear unit + $4,400 front unit, depending on layout, furnishings, and market conditions). The front house (built 1895) offers 2 bedrooms, 2 bathrooms, a den (convertible to a 3rd bedroom or office), approx. 1,206 sq ft, a tranquil garden yard, and a private-entry bedroom ideal for rental or independent living. One of the bedrooms and bathrooms is already situated with its own private entrance and hallway, making it the perfect candidate to convert into a separate studio suite. The back house (built 1988) features 3 bedrooms, 2.75 bathrooms, approx. 1,980 sq ft of bright open space, high ceilings, granite kitchen, spacious living room, and a primary suite with en-suite bath. Attached 2-car garage adds convenience and storage. Fully updated, with separate gas and electric meters. Delivered vacant and ready to generate income . Minutes to DTLA, Keck USC, Silver Lake, Highland Park, and Pasadena. BEST VALUE IN 90031DO NOT MISS THIS OPPORTUNITY!

Features and Additional Information

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$1,339,000 Active
6 Bed(s)
5
Baths
3,186 SqFt

Presented By Ann Marie Hammond

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Get in touch today! Phone: 1-760-403-5219
License #01161667
Brokerage
Ricky&Jessie Realty
1-714-900-2472
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Area Information

677 Lincoln Hts | Los Angeles County |

$ 1,339,000
This listing is play_arrow 49.9% higher than the average in the area
$ 893,500 in the area
3,186 SqFt
This listing is play_arrow 84.3% larger than the average in the area
1,729 SqFt in the area
$ 420 $/SqFt
This listing is play_arrow 21.0% less than the average in the area
$ 532 $/SqFt in the area
9 days on site
This listing is play_arrow 97.7% below the average in the area
388 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    Los Angeles Unified
Listed By Ricky Lee
Brokerage: Ricky&Jessie Realty

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