1231 S Rowan Avenue, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
Loading property details...
1231 S Rowan Avenue
Los Angeles, California 90023
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,873Sq Ft
5,338Lot Size
Property Price
LIST PRICE$1,490,000
EST. MARKET VALUE
$1,772,518
15% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Duplex / Multi-Family asset listed at $1,490,000, positioned well below the $1,772,519 Fair Market Value by 15%. This valuation gap offers $282,519 in Instant Equity. Featuring a Mint Condition Rating with a brand-new 2026 construction ADU and a 4-car garage, this property provides immediate, stable cash flow. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hacking solution in a high-demand medical employment hub.
Estimated Market Value
$1,772,518+$282,518 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features a brand-new 2026 construction rear ADU comprising the majority of the square footage, featuring modern kitchen cabinetry, stone-look backsplashes, new HVAC systems, and recessed lighting. The front unit is well-maintained and turn-key, resulting in a mint-condition investment with no immediate maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The property features a brand-new, 4-bedroom luxury ADU paired with an existing 2-bedroom front house, offering a turnkey 'house hacking' opportunity or high-yield rental income with independent utility meters.
- Exceptional Parking
Includes a rare 4-car attached garage, a premium and highly sought-after amenity in the Los Angeles market that significantly enhances tenant appeal and property value.
- Strategic Employment Hub Proximity
Situated within walking distance of major medical centers and minutes from Downtown LA, the location ensures a consistent pool of high-quality professional tenants and strong long-term demand.
CONSRISKS & DEFICIENCIES
- Unit Size Imbalance
There is a significant disparity between the massive 2,273 sqft rear unit and the much smaller 590 sqft front house, which may limit the rental ceiling and appeal of the secondary unit.
- Premium Market Pricing
At a list price of $1.49M, the property represents a high-end entry point for the Boyle Heights submarket, potentially narrowing the pool of qualified investors compared to lower-priced local alternatives.
About 1231 S Rowan Avenue
PRIME INVESTMENT OPPORTUNITY IN BOYLE HEIGHTS! Turn-Key Double-Income Duplex with Exceptional Cash Flow & Wealth-Building Potential! Welcome to a rare, multi-generational real estate gem perfect for seasoned investors or smart buyers looking to live for free while tenants pay the mortgage! This legal duplex lot features TWO separate standalone structures on a single parcel, with independent utility meters for seamless, hassle-free management. ?? THE INCOME PRODUCER (Front House - 1231 S Rowan Ave): • Current Rental Income • Layout: A cozy, well-maintained 2-Bedroom, 1-Bathroom home (approx. 590 sqft). • Value: Provides immediate, guaranteed cash flow from day one of closing! ? THE CROWN JEWEL (Rear Unit - Brand New Construction ADU): • Status: Brand New Construction (Final Pass March 2026), built to premium modern standards by a licensed builder. • Layout: Massive 4 Bedrooms, 4 Bathrooms spread across 3 levels of luxury living space (2,273 sqft). o 1st Floor: 1 Bed / 1 Bath o 2nd Floor: 1 Bed / 1 Bath o 3rd Floor: 2 Beds / 2 Baths with a private terrace facing stunning East/South/West triple-exposure views. • Bonus Amenity: An ultra-rare 4-Car Attached Garage under the building—a premium luxury that is nearly impossible to find in Los Angeles! ?? LOCATION, EMPLOYMENT & LIFESTYLE: Nestled in a highly desirable, high-rental-demand pocket of East Los Angeles, this property offers an unbeatable location for commuters and professionals: • Unrivaled Commuter Access: Minutes from major freeways including the 60, 5, and 710, offering a quick, seamless commute across LA County. • Employment Hubs: Just a stone's throw from Downtown Los Angeles (DTLA) financial district, and walking distance to a dense medical employment hub including East Los Angeles Doctors Hospital and Los Angeles Community Hospital, ensuring a constant pool of high-quality, professional tenants. ?? INVESTOR & BUYER PERKS: • House Hacking Dream: Move into the spectacular, brand-new 4BR rear home and let the front unit heavily subsidize your mortgage, or rent out both for a high-cap-rate addition to your portfolio. This is a rare, stable income generator in a rapidly growing LA market. Don’t miss out—schedule your private tour today! • Property Sub Type: Duplex / Multi-Family • Structure Type: Multi-Family / Standalone Units • Number of Units: 2 • Separate Meters: Yes (Gas / Electric / Water)
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 2026
- Lot Size
- 5,338 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,873 | 2,090.331 |
| Lot Size | 5,338 | 5,852.908 |
| Price | $1.49M | $830.9K |
| Price per sq ft | $519 | $394 |
| Built year | 2026 | 1928 |
| HOA | $0 | $0 |
| Days on market | 38 | 87 |
Pricing History
Listed for Sale
Oct 2, 2026
$1,490,000
Initial Listing
Sold
Feb 9, 2022
$455,000
Public Record