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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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507 E Avenue 28 Los Angeles, CA 90031
$1,199,900 0 beds, 0 baths
0 sqft
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Agent Remarks

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 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 Details

Property type: Duplex (Multi-Family)
Status: Active
MLS# TR25153032
List price is $1,199,900
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1988
1 story
0.15 acres
Lot size: 0.1486
County: Los Angeles
Zoning: LAR2
Interior features: Jack and Jill Bath,Walk-In Closet(s)
Lot description: Back Yard,Front Yard,Garden
Heating/cooling: Ductless,Zoned
MLS area: 677 - Lincoln Hts

Last Updated: 7/18/2025

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This listing belongs to the 677 - Lincoln Hts MLS area

Lat/Long: 34.081362, -118.207567.
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Listing Agent: Ricky Lee
Co Listing Agent: Daniel Huang
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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