1231 S Rowan Avenue, Los Angeles, California 90023, Los Angeles, 90023 - 5 bed, 5 bath
ACTIVE$799,999
1231 S Rowan Avenue, Los Angeles, California 90023
5Beds
5Baths
2,863Sqft
5,338Lot
Price Vs. Estimate
The estimated value ($799,999) is $0 (0%) lower than the list price ($799,999). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential: Permit-ready for a substantial ADU (2273 sqft living area, 4 bedrooms, 4 bathrooms, and 663 sqft 4-car garage) significantly increases property value and rental income potential.
Top Cons:
Age of Existing Structure: The existing house was built in 1921, potentially requiring updates or maintenance to meet modern standards.
Compared to the nearby listings
Price:$800.0K vs avg $682.5K (+$117,499)73%
Size:2,863 sqft vs avg 1,233.5 sqft95%
Price/sqft:$279 vs avg $5265%
More Insights
Built in 1921 (104 years old).
Condition: The property was built in 1921. The listing mentions a permit for an ADU, but the existing house is 590 sqft. The images show the exterior of the existing house, which appears to be in need of significant repair. Given the age and apparent condition, it requires substantial repairs and rehabilitation.
Year Built
1921
Close
-
List price
$800K
Original List price
$600K
Price/Sqft
$279
HOA
-
Days on market
-
Sold On
-
MLS number
MB24002573
Home ConditionPoor
Features
View-
About this home
Permit is ready to build an ADU in the back yard 2273sf living area of 4 bedrooms and 4 bathrooms and 663sf of 4 car garage. Front existing house 590sf will be no change. Landlord will clear all the permit and city fees.
Price History
Date
Event
Price
02/09/22
Sold
$455,000
Condition Rating
Poor
The property was built in 1921. The listing mentions a permit for an ADU, but the existing house is 590 sqft. The images show the exterior of the existing house, which appears to be in need of significant repair. Given the age and apparent condition, it requires substantial repairs and rehabilitation.
Pros & Cons
Pros
ADU Potential: Permit-ready for a substantial ADU (2273 sqft living area, 4 bedrooms, 4 bathrooms, and 663 sqft 4-car garage) significantly increases property value and rental income potential.
Development Opportunity: The large lot size (5338 sqft) combined with the ADU permit offers a unique development opportunity in a desirable Los Angeles location.
Location: Located in Boyle Heights, Los Angeles, providing access to local amenities and proximity to downtown.
Cons
Age of Existing Structure: The existing house was built in 1921, potentially requiring updates or maintenance to meet modern standards.
Construction Required: The property requires construction of the ADU, involving time, cost, and potential challenges associated with building projects.