1231 S Rowan Avenue, Los Angeles, California 90023, Los Angeles, 90023 - 5 bed, 5 bath
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Los Angeles, California 90023
This New Construction Luxury Duplex represents a stable entry into the Boyle Heights market, listed at $1,490,000—aligning perfectly with its $1,490,000 Fair Market Value. Boasting a Pristine Condition Rating, the property features a 2,273 sqft 3-story main residence and a separate income-generating unit currently leased for $2,100/month. High-end finishes, a rare 4-car garage, and seller credits of up to 3% enhance the financial appeal of this turnkey asset. This is an ideal "house-hacking" opportunity for Owner-Occupants or Buy-and-Hold Investors seeking a low-maintenance, dual-income stream.
Property is new construction or fully renovated.
This is a brand-new 2025/2026 construction featuring modern luxury finishes throughout. The interior boasts a contemporary kitchen with quartz countertops and shaker cabinetry, high-quality laminate flooring, recessed lighting, and brand-new bathrooms with modern vanities and tile work. As a new build, all major systems and structural components are in pristine condition with no deferred maintenance.
The property features a separate, income-generating front unit currently leased at $2,100/month, providing immediate cash flow to significantly offset mortgage payments for an owner-occupant.
The primary 3-story residence is brand new (2025/2026) and includes a rare 4-car garage, offering contemporary luxury and high-capacity parking that is exceptionally difficult to find in the Boyle Heights area.
The motivated seller is offering a 1% to 3% credit toward closing costs or interest rate buy-downs, providing a substantial financial advantage in a high-interest-rate environment.
The property has been active for 165 days with a recent price increase, which may signal a disconnect between the list price and current market demand in the immediate neighborhood.
With two separate residences and a large 4-car garage footprint on a 5,338 sqft lot, there is very limited private yard or outdoor green space for recreation.
2026 BRAND NEW Luxury 3-Story Home + Income-Generating Unit! RARE OPPORTUNITY IN BOYLE HEIGHTS! Welcome to this stunning, multi-generational dual-residence property featuring a BRAND NEW (2026) 2,273 sqft 3-story back house and a charming 590 sqft front house with reliable income. THE MAIN RESIDENCE (Rear House): Experience modern luxury in this massive 4BR/4BA masterpiece. Designed with triple-exposure (East, South, West) for incredible natural light throughout the day. • Lifestyle: Enjoy sun-drenched mornings on your expansive 2nd-floor terrace facing East. • Space: Three levels of meticulously designed living space, perfect for large families or those seeking a home office with a view. • Parking: Rare and spacious 4-car garage—a true luxury in Los Angeles! THE INCOME PRODUCER (Front House): A cozy, well-maintained 2BR/1BA unit currently leased at $2,100/month (1-year lease signed Jan 2026). This steady cash flow can significantly offset your mortgage, making high-end living more affordable than ever! INVESTOR & BUYER PERKS: • SELLER CREDIT: Motivated Seller is offering 1% to 3% CREDIT to buyers for interest rate buy-down or closing costs! • Efficiency: Separated utilities for easy management. • Location: Prime East LA location with easy access to the 5, 60, and 710 freeways, minutes from DTLA. Live in luxury while your tenant helps pay the mortgage. This is the ultimate "House Hacking" dream! Don’t miss out—schedule your tour today!
No exterior & parking available.
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| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 85% |
| Baths | 5.0 | 0.0 | 92% |
| Square foot | 2,863 | 1,828 | 77% |
| Lot Size | 5,338 | 5,983 | 46% |
| Price | $1.49M | $710.9K | 92% |
| Price per sq ft | $520 | $410 | 69% |
| Built year | 2025 | 1923 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 172 | 180 | 46% |
Feb 6, 2026
$1,490,000
$1,450,000
+3% Price Increase
Initial Listing
Nov 1, 2025
$1,450,000
Initial Listing
Feb 9, 2022
$455,000
Public Record