507 E Avenue 28 Los Angeles, CA 90031
Lincoln Heights NeighborhoodEstimated payment $7,432/month
Highlights
- No HOA
- Walk-In Closet
- Living Room
- Abraham Lincoln High School Rated A
- Ductless Heating Or Cooling System
- Laundry Room
About This Home
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 Agent
Ricky&Jessie Realty Brokerage Phone: 6265679899 License #01932116 Listed on: 07/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,464
Year Built
- Built in 1988
Lot Details
- 6,473 Sq Ft Lot
- No Common Walls
- Garden
- Back and Front Yard
Parking
- 2 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 3,186 Sq Ft Home
- 2-Story Property
- Entryway
- Living Room
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- Jack-and-Jill Bathroom
- 5 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Suburban Location
Utilities
- Ductless Heating Or Cooling System
- Zoned Cooling
- Sewer Not Available
Listing and Financial Details
- Legal Lot and Block 47 / 3
- Assessor Parcel Number 5206019040
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,464 | $1,020,000 | $714,000 | $306,000 |
| 2024 | $12,464 | $1,000,000 | $700,000 | $300,000 |
| 2023 | $11,967 | $958,800 | $510,000 | $448,800 |
| 2022 | $11,416 | $940,000 | $500,000 | $440,000 |
| 2021 | $3,544 | $271,504 | $83,883 | $187,621 |
| 2020 | $3,572 | $268,721 | $83,023 | $185,698 |
| 2019 | $3,442 | $263,453 | $81,396 | $182,057 |
| 2018 | $3,339 | $258,288 | $79,800 | $178,488 |
| 2016 | $3,158 | $248,260 | $76,702 | $171,558 |
| 2015 | $3,114 | $244,532 | $75,550 | $168,982 |
| 2014 | $3,135 | $239,743 | $74,071 | $165,672 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $1,199,900 | +27.6% | $377 / Sq Ft |
| 09/08/2021 09/08/21 | Sold | $940,000 | -1.1% | $295 / Sq Ft |
| 07/19/2021 07/19/21 | For Sale | $950,000 | +1.1% | $298 / Sq Ft |
| 05/10/2021 05/10/21 | Off Market | $940,000 | -- | -- |
| 04/15/2021 04/15/21 | For Sale | $950,000 | -- | $298 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,000,000 | Wfg National Title | |
| Deed | -- | Wfg National Title | |
| Grant Deed | $940,000 | Orange Coast Ttl Co Of Socal |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $61,500 | New Conventional | |
| Open | $676,000 | New Conventional | |
| Previous Owner | $320,000 | Unknown | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $124,180 | Unknown | |
| Previous Owner | $115,920 | Unknown | |
| Previous Owner | $40,000 | Credit Line Revolving | |
| Previous Owner | $35,000 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR25153032
APN: 5206-019-040
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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