929 N Rowan Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 0 bed, 0 bath
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Los Angeles, California 90063
This Triplex Income Asset is listed at $1,100,000, reflecting the stability of the local multi-family market in the Boyle Heights location. While priced slightly above the $1,047,236 Fair Market Value, the property offers a unique Value-Add Acquisition opportunity via its expansive 8,437 sqft lot, which is ideal for ADU expansion. Currently holding a Fair Condition Rating, the units feature recent cosmetic updates to kitchens and baths. This is a high-utility asset perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to offset their mortgage with rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 929 N Rowan Avenue Subject | $1,100,000* List Price | 0 | 0 | 2,496 | $420 | - |
A 127 129 S Townsend Sold | $925,000 | 0 | 0 | 2,382 | $388 | 0.8 mi |
B 3149 E Cesar E. Chavez Avenue Sold | $1,025,000 | 0 | 0 | 2,420 | $424 | 0.6 mi |
C 4129 Hammel Sold | $810,000 | 0 | 0 | 1,635 | $495 | 0.7 mi |
D 322 N Ditman Pending | $895,000 List Price | 0 | 0 | 2,694 | $332 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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and major components, placing it in the 'fair' category where major components are functional but show signs of being outdated.
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.
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.
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.
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.
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.
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.
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 | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,496 | 1,946 | 80% |
| Lot Size | 8,437 | 5,686 | 90% |
| Price | $1.10M | $764.5K | 95% |
| Price per sq ft | $441 | $386 | 70% |
| Built year | 1914 | 1923 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 167 | 217 | 35% |
Nov 6, 2025
$1,100,000
Initial Listing
Mar 21, 2023
$845,000
Public Record
Apr 15, 2014
$415,000
Public Record
Mar 5, 2001
$165,000
Public Record