803 S Rowan, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath
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Los Angeles, California 90023
This Value-Add Residential Asset is listed at $700,000, representing a stable entry point at its $700,000 Fair Market Value. Currently holding a Fair Condition Rating, the 1914-built home requires modernization of its major systems and cosmetic finishes to reach its full potential. The expansive 5,341 Square Foot Lot offers significant utility, specifically for the addition of an Accessory Dwelling Unit (ADU) to drive forced appreciation. Situated in the Los Angeles Unified district within the strategic Boyle Heights corridor, this property is a prime project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 803 S Rowan Subject | $700,000* List Price | 3 | 2 | 1,369 | $511 | - |
A 1178 Spence Street Sold | $710,000 | 3 | 1 | 1,358 | $523 | 0.9 mi |
B 3726 Lee Street Sold | $559,000 | 2 | 1 | 1,030 | $543 | 0.4 mi |
C 3342 Beswick Street Sold | $580,000 | 3 | 2 | 1,159 | $500 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1914, this property is in fair condition, showing signs of past updates to the flooring, recessed lighting, and bathroom tiling that likely occurred 15 to 25 years ago. The home lacks modern central climate control, relying on window AC units, and the kitchen and bathroom fixtures are dated. While the home appears maintained and functional, it shows visible wear and tear and requires modernization of major systems and cosmetic finishes to meet contemporary standards.
Situated in the Boyle Heights area, this property offers excellent proximity to Downtown Los Angeles and major freeway corridors, making it a prime location for commuters and urban professionals.
The 5,341 square foot lot provides ample space for outdoor living or the potential addition of an Accessory Dwelling Unit (ADU), offering a significant opportunity to increase property value and rental income.
With a 3-bedroom, 2-bathroom configuration across 1,369 square feet, the home provides a practical and competitive footprint for families compared to smaller bungalows in the district.
Built in 1914, the property may require significant capital expenditure for updates to aging systems such as plumbing, electrical, and foundation to meet modern standards.
The listing indicates no specific views and likely lacks contemporary features such as central climate control, which may necessitate further investment to enhance tenant or owner comfort.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 61% |
| Square foot | 1,369 | 1,138.5 | 83% |
| Lot Size | 5,341 | 5,075 | 56% |
| Price | $700.0K | $595.0K | 72% |
| Price per sq ft | $511 | $539 | 39% |
| Built year | 1914 | 1915 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 160 | 22% |
Jan 22, 2026
$700,000
Initial Listing
May 6, 1999
$112,000
Public Record