929 N Rowan Avenue, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
929 N Rowan Avenue
Los Angeles, California 90063
Property Price
SUMMARY
Analysis of 929 N Rowan Avenue, Los Angeles, California 90063 is currently available with a list price of $1,100,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1914, this property's core infrastructure and major systems (plumbing, electrical, HVAC, roofing) are likely very old and will require significant capital investment, as highlighted in the MLS weakness. However, the interior images reveal recent cosmetic updates to the kitchen and bathrooms, featuring modern shaker-style cabinets, subway tile backsplashes/surrounds, stainless steel appliances, recessed lighting, and updated flooring (tile and laminate). While these updates make the living spaces move-in ready and aesthetically pleasing, they do not fully offset the age and potential deferred maintenance of the underlying structure and major components, placing it in the 'fair' category where major components are functional but show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Asset
As a Triplex, the property offers multiple rental income streams, making it an attractive investment for those seeking passive income or an owner-occupant looking to offset mortgage costs.
- Generous Lot Size
The substantial 8,437 sqft lot provides ample outdoor space and potential for future expansion, landscaping, or the addition of Accessory Dwelling Units (ADUs), enhancing long-term value.
- Historic Architectural Character
Built in 1914, the property likely retains unique period details and architectural charm, appealing to buyers who appreciate historical aesthetics and character over modern construction.
CONSRISKS & DEFICIENCIES
- Extensive Age-Related Capital Expenditures
A 1914 construction date suggests a high probability of needing significant capital investment for updates to major systems such as plumbing, electrical, roofing, and HVAC to meet modern standards and tenant expectations.
- Potential Rent Control Limitations
As a multi-unit property in Los Angeles, it is highly likely to be subject to rent control ordinances, which can restrict rental income growth and impact an investor's ability to adjust rents.
- Aggressive Pricing Relative to Recent Sales
The current list price of $1.1M represents a substantial increase from its 2023 sale price of $845,000, which may be perceived as an ambitious valuation requiring strong justification through market conditions or property improvements.
About 929 N Rowan Avenue
Exceptional opportunity in Los Angeles. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1914
- Lot Size
- 8,437 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,496 | 2,150 | 71% |
| Lot Size | 8,437 | 5,750 | 90% |
| Price | $1.10M | $810.0K | 95% |
| Price per sq ft | $441 | $388 | 62% |
| Built year | 1914 | 1924 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 120 | 212 | 14% |
Pricing History
Listed for Sale
Nov 6, 2025
$1,100,000
Initial Listing
Sold
Mar 21, 2023
$845,000
Public Record
Sold
Apr 15, 2014
$415,000
Public Record
Sold
Mar 5, 2001
$165,000
Public Record