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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$1,375,000
507 E Avenue 28, Los Angeles, California 90031
6Beds
5Baths
3,475Sqft
6,473Lot
Year Built
1988
Close
-
List price
$1.38M
Original List price
$1.59M
Price/Sqft
$396
HOA
-
Days on market
-
Sold On
-
MLS number
TR25090853
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.38M(92th), sqft - 3475(92th), beds - 6(77th), baths - 5(85th).

** 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!

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 beautifully remodeled homes, both showcasing modern finishes and styles. The kitchens are updated with contemporary cabinets, granite/white countertops, and stainless steel appliances. Modern plank flooring is consistent throughout, and mini-split AC units indicate updated cooling/heating. The overall condition, as evidenced by the images and description of extensive renovations, suggests the property is virtually new in its current state, meeting current quality standards.
Pros & Cons

Pros

Duplex with Income Potential & Vacancy: The property is a vacant duplex, delivered vacant, offering immediate income potential or flexible multi-generational living. Separate utility meters and a private entrance for one bedroom enhance rental opportunities.
Prime Urban Location: Conveniently located with easy access to major Los Angeles hubs including Downtown LA, Keck USC Medical Center, Silver Lake, Highland Park, Echo Park, Dodger Stadium, and Pasadena, with quick freeway access.
Extensively Remodeled & Modernized: Both single-family homes have been beautifully remodeled, featuring modern styles, finishes, a large kitchen with granite countertops, and a luxurious master suite, suggesting move-in ready condition.
Flexible Living Arrangements: The configuration of two distinct homes, each with private outdoor space, a convertible den, and a bedroom with a private entrance, provides versatile options for investment, multi-generational families, or live-plus-rent scenarios.
Motivated Seller & Price Reduction: The property is now offered at a reduced price of $1,375,000 (from $1,590,000), with the seller explicitly stating motivation and openness to strong terms, indicating potential for a favorable negotiation.

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 One Structure & Undisclosed System Updates: While remodeled, one home possesses 'historical character,' implying an older build. The description lacks specific details on updates to critical systems like plumbing, electrical, or roofing for this older unit, which could lead to unforeseen maintenance costs.
Potential for Urban Noise/Traffic: The prime urban location with easy access to freeways and major city points, while convenient, often implies proximity to busy roads and urban noise, which may not appeal to all buyers seeking a quieter environment.
High Property Taxes: Given the property's list price and location in Los Angeles, prospective buyers should anticipate substantial annual property tax obligations, which represent a significant ongoing cost.

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