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507 E Avenue 28, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath

507 E Avenue 28, Los Angeles, California 90031 home-pic-0
ACTIVE$1,375,000
507 E Avenue 28, Los Angeles, California 90031
0Bed
0Bath
3,450Sqft
6,473Lot
Year Built
1988
Close
-
List price
$1.38M
Original List price
$1.6M
Price/Sqft
$399
HOA
-
Days on market
-
Sold On
-
MLS number
TR25090928
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.38M(92th), sqft - 3450(92th), beds - undefined(50th), baths - undefined(50th).

** Now offered at $1,375,000 ** seller is motivated and open to offering a with strong terms. A rare opportunity to own a vacant duplex with income potential in Lincoln Heights.*DELIVERED VACANT*Presenting an exceptional chance to own two beautifully remodeled single-family homes on one lot—perfect for investment or multi-generational living. Each home with its own private outdoor space, providing an ideal blend of privacy and functionality. House 507 :This charming 2-bedroom, 2-bathroom home, plus a den (easily convertible into an additional bedroom or office), approximately 1,206 sq ft of living space. A perfect fusion of historical character and modern style, it features a serene garden yard—ideal for relaxation or entertaining. Fully furnished and move-in ready, with a layout designed for ease and comfort. One of the bedrooms has a private entrance, providing the potential for rental income or independent living. Separate gas and electricity meters are already installed. House 507 1/2 (Built in 1988):This spacious 3-bedroom, 2.75-bathroom home with 1,980 sq ft of light-filled, open living space. Boasting high ceilings and modern finishes, the home includes a large kitchen with granite countertops, a comfortable living room perfect for family gatherings, and a luxurious master suite with a private en-suite bathroom. An attached two-car garage provides convenience and extra storage space. Prime Location:Conveniently located with easy access to Downtown LA, Keck USC Medical Center, Silver Lake, Highland Park, Echo Park, Dodger Stadium, and Pasadena. A wide variety of dining, shopping, and entertainment options are just around the corner, with quick freeway access for easy commuting throughout Los Angeles. Why This Property Stands Out:This property provide the perfect mix of historic charm, modern upgrades, and flexible living options. Whether you're looking for a family home, rental income, or both, this is a rare opportunity in a rapidly growing and highly desirable neighborhood. Don’t miss out on the potential for long-term value and growth! Why This Property Stands Out:This property provide the perfect mix of historic charm, modern upgrades, and flexible living options. Whether you're looking for a family home, rental income, or both, this is a rare opportunity in a rapidly growing and highly desirable neighborhood. Don’t miss out on the potential for long-term value and growth!

Nearby schools

2/10
Hillside Elementary School
Public,•K-5•0.4mi
4/10
Loreto Street Elementary School
Public,•K-5•0.6mi
4/10
Gates Street Elementary School
Public,•K-5•0.7mi
4/10
Huntington Drive Elementary School
Public,•K-6•0.9mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.9mi
3/10
Albion Street Elementary School
Public,•K-6•1.1mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.2mi
2/10
Murchison Street Elementary School
Public,•K-6•1.7mi
3/10
Ann Street Elementary School
Public,•K-6•1.7mi
4/10
Bridge Street Elementary School
Public,•K-5•2.1mi
5/10
Glen Alta Elementary School
Public,•K-8•0.5mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.7mi
5/10
El Sereno Middle School
Public,•6-8•1.7mi
6/10
Hollenbeck Middle School
Public,•6-8•3.1mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.6mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.4mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.9mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.1mi

Price History

Date
Event
Price
09/12/25
Sold
$1,130,000
09/12/23
Sold
$1,000,000
09/08/21
Sold
$940,000
Condition Rating
Excellent
This duplex features two units that have been extensively and beautifully remodeled, aligning with the 'extensively renovated within 5 years' criterion for an excellent rating. Both kitchens boast modern cabinetry (sage green and blue), white/granite countertops, and a full suite of stainless steel appliances. The bathrooms are equally impressive with contemporary glass shower enclosures, updated tiling, modern fixtures, and stylish vanities. Throughout both units, new LVP flooring, fresh paint, modern light fixtures, and efficient mini-split AC systems contribute to a virtually new interior feel. The property is move-in ready with no visible deferred maintenance, reflecting a high standard of recent renovation.
Pros & Cons

Pros

Income Generation & Vacancy: The property is a vacant duplex with separate gas and electricity meters, offering immediate income potential for investors or owner-occupiers seeking rental revenue without tenant transition issues.
Dual Modernized Homes: Comprising two beautifully remodeled single-family homes on one lot, each unit boasts modern finishes and its own private outdoor space, enhancing appeal and functionality.
Strategic Location: Conveniently located in a rapidly growing and desirable Lincoln Heights neighborhood, with easy access to Downtown LA, USC Medical Center, Silver Lake, Highland Park, and major freeways.
Versatile Living Options: The property supports multi-generational living or diverse rental strategies, featuring a convertible den and a bedroom with a private entrance in one unit, catering to various buyer needs.
Motivated Seller & Value Proposition: The seller is motivated and open to strong terms, with a significant price reduction from the original list price, indicating potential for a favorable negotiation and long-term value growth.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-09-12. The sold price is $1,130,000.00.
Age of Primary Structure: While remodeled, the original house (507) is implied to be older than 1988, which could lead to potential underlying issues or higher maintenance costs not explicitly addressed in the description.
Significant Price Appreciation: The current list price of $1.375M represents a substantial increase over recent sales history (e.g., $1.13M in 2025, $1M in 2023), potentially requiring strong justification for market value despite renovations and vacant delivery.
Limited Remodel Specifics: The description highlights 'beautifully remodeled' but lacks detailed information on the extent of major system upgrades (e.g., plumbing, electrical, HVAC, roof), which could be a concern for buyers evaluating the long-term integrity of an older property.

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