RealKey
‪(213) 433-7766‬

929 N Rowan Avenue, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

929 N Rowan Avenue, Los Angeles, California 90063 home-pic-0
ACTIVE$1,100,000
929 N Rowan Avenue, Los Angeles, California 90063
0Bed
0Bath
2,496Sqft
8,809Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Triplex: The property is an excellent investment opportunity, featuring three separate units designed to generate consistent rental income.
Top Cons:
Advanced Age of Property: Built in 1914, the property is likely to require significant ongoing maintenance and potential capital expenditures for outdated systems and infrastructure.

Compared to the nearby listings

Price:$1.10M vs avg $775.0K (+$325,000)96%
Size:2,496 sqft vs avg 1,977 sqft80%
Price/sqft:$441 vs avg $35360%

More Insights

Built in 1914 (111 years old).
Condition: The property was built in 1914, making it over 100 years old. While the exterior appears to be maintained with fresh paint in some areas and a functional gate/driveway, there are no interior photos available to assess the condition of kitchens, bathrooms, appliances, flooring, or other critical internal features. Given its age, it is highly probable that the interior components are outdated and would require minor to moderate updates to meet current standards, even if functional. The description implies it's habitable and income-generating, ruling out 'Poor' or 'Tear-down.' Without evidence of recent extensive renovations, it cannot be 'Excellent' or 'Good.' Therefore, 'Fair' is the most appropriate score, indicating an aged but maintained property that likely requires updates.
Year Built
1914
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
WS25175465
Home ConditionFair
Features
View-

About this home

Excellent Investment Opportunity – Los Angeles Triplex Welcome to 929 N Rowan Avenue, Los Angeles, CA – a fantastic income-generating triplex featuring three separate units: 929, 929 ½, and 931 Rowan. This well-located property offers an ideal opportunity for investors or owner-occupiers looking to generate consistent rental income in the heart of Los Angeles. Situated near major freeways and shopping centers, this property boasts easy access to everyday conveniences, transit, and employment hubs — making it highly desirable for tenants. Each unit is separately addressed, and the middle unit (929 ½) is currently vacant, providing flexibility for immediate rental income or owner occupancy. Photos of the middle unit will be available soon, giving you a closer look at the potential of this opportunity. Whether you’re looking to expand your portfolio or live in one unit while renting out the others, this property offers a strong foundation for long-term value. Don’t miss out on this great investment opportunity in a prime Los Angeles location!

Price History

Date
Event
Price
03/05/01
Sold
$165,000
03/21/23
Sold
$845,000
04/15/14
Sold
$415,000
Condition Rating
Fair
The property was built in 1914, making it over 100 years old. While the exterior appears to be maintained with fresh paint in some areas and a functional gate/driveway, there are no interior photos available to assess the condition of kitchens, bathrooms, appliances, flooring, or other critical internal features. Given its age, it is highly probable that the interior components are outdated and would require minor to moderate updates to meet current standards, even if functional. The description implies it's habitable and income-generating, ruling out 'Poor' or 'Tear-down.' Without evidence of recent extensive renovations, it cannot be 'Excellent' or 'Good.' Therefore, 'Fair' is the most appropriate score, indicating an aged but maintained property that likely requires updates.
Pros & Cons

Pros

Income-Generating Triplex: The property is an excellent investment opportunity, featuring three separate units designed to generate consistent rental income.
Strategic Los Angeles Location: Situated in a prime Los Angeles area, offering excellent access to major freeways, shopping centers, transit, and employment hubs, which enhances tenant desirability.
Immediate Occupancy/Income Flexibility: The middle unit is currently vacant, providing immediate flexibility for owner-occupancy or generating rental income from day one.
Long-Term Value Potential: The property offers a strong foundation for long-term value appreciation and portfolio expansion in a competitive market.
Separately Addressed Units: Each unit is separately addressed, simplifying property management and tenant delineation, which can be beneficial for investors.

Cons

Advanced Age of Property: Built in 1914, the property is likely to require significant ongoing maintenance and potential capital expenditures for outdated systems and infrastructure.
Limited Unit-Specific Details: The listing lacks comprehensive information on the condition, layout, or amenities of individual units, especially for the vacant unit where photos are pending.
Potential for High Capital Expenditures: Due to its age, the property may require substantial investment in upgrades to plumbing, electrical, roofing, or other major systems to meet modern standards and tenant expectations.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state