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507 E Avenue 28, Los Angeles, California 90031, Los Angeles, 90031 - 6 bed, 5 bath

507 E Avenue 28, Los Angeles, California 90031 home-pic-0
ACTIVE UNDER CONTRACT$1,799,000
507 E Avenue 28, Los Angeles, California 90031
6Beds
5Baths
3,475Sqft
6,473Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income Potential: Two fully remodeled single-family residences on one lot offer excellent rental income opportunities or flexible multi-generational living.
Top Cons:
Lot Size: The lot size of 6,473 sqft might be considered small for some buyers, potentially limiting outdoor expansion possibilities.

Compared to the nearby listings

Price:$1.80M vs avg $1.07M (+$724,000)92%
Size:3,475 sqft vs avg 2,476 sqft92%
Price/sqft:$518 vs avg $40377%

More Insights

Built in 1988 (37 years old).
Condition: The property consists of two houses on one lot. The front house was remodeled in 2023 and the back house in 2022. The kitchens and bathrooms appear modern and updated in the images. The property was originally built in 1988, but the recent renovations bring it to a 'good' condition, move-in ready with no immediate renovation required.
Year Built
1988
Close
-
List price
$1.8M
Original List price
$1.9M
Price/Sqft
$518
HOA
-
Days on market
-
Sold On
-
MLS number
TR25023395
Home ConditionGood
Features
Patio
View-

About this home

This unique Lincoln Heights property features **two fully remodeled single-family residences on one lot**, each with private outdoor spaces, making it perfect for flexible living arrangements or rental income. **Front House**507 E (Fully Remodeled in 2023) **Layout**: 3 bedrooms, 2 baths. This vintage residence has been stylishly reconfigured, pairing back and highlighting heritage elements with a distinctly elegant flair **Outdoor Space**: Features a lovely garden yard, ideal for relaxation and entertaining. Fully furnished and move-in ready **Rental Potential**: One bedroom has separate access, making it ideal for rental income.Individual gas and electricity meters . **Back House** 507 E 1/2 ( Remodeled in 2022) **Layout**: 3 spacious bedrooms with high ceilings, 2.75 baths Remodeled with an updated kitchen, bathrooms, and spacious living areas *Master Suite**: Includes a bath with double sinks *Garage**: Attached two-car garage.**Kitchen and Living Space**: Large kitchen with granite countertops and a bright, open living room *Tenant Status**. **Utilities**: Individual gas and electricity meters *Prime Location**: Centrally located near DTLA, Keck USC Medical Center, Silver Lake, Highland Park, Dodger Stadium, Pasadena, and major freeways, with plenty of dining and coffee options nearby.front house is fully furnished, and move-in ready**, with a charming garden yard, while the .This property is an exceptional opportunity for investors or multi-generational living, combining modern upgrades with classic elegance.

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
Good
The property consists of two houses on one lot. The front house was remodeled in 2023 and the back house in 2022. The kitchens and bathrooms appear modern and updated in the images. The property was originally built in 1988, but the recent renovations bring it to a 'good' condition, move-in ready with no immediate renovation required.
Pros & Cons

Pros

Income Potential: Two fully remodeled single-family residences on one lot offer excellent rental income opportunities or flexible multi-generational living.
Prime Location: Centrally located near DTLA, Keck USC Medical Center, Silver Lake, Highland Park, Dodger Stadium, Pasadena, and major freeways, providing convenient access to amenities and employment centers.
Remodeled Condition: Both houses have been recently remodeled with updated kitchens and bathrooms, reducing immediate maintenance concerns and enhancing appeal.

Cons

Lot Size: The lot size of 6,473 sqft might be considered small for some buyers, potentially limiting outdoor expansion possibilities.
Active Under Contract: The property's status as 'Active Under Contract' indicates a pending sale, which could deter some buyers seeking immediate availability.

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