Active Open Sunday 10/04 1 PM-8 PM

1231 S Rowan Avenue

Los Angeles, CA 90023
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Bed 6

Bed

Bath 0

Bath

SqFt5,338

Sqft(Lot)

PRIME INVESTMENT OPPORTUNITY IN BOYLE HEIGHTS! Turn-Key Double-Income Duplex with Exceptional Cash Flow & Wealth-Building Potential! Welcome to a rare, multi-generational real estate gem perfect for seasoned investors or smart buyers looking to live for free while tenants pay the mortgage! This legal duplex lot features TWO separate standalone structures on a single parcel, with independent utility meters for seamless, hassle-free management. ?? THE INCOME PRODUCER (Front House - 1231 S Rowan Ave): • Current Rental Income • Layout: A cozy, well-maintained 2-Bedroom, 1-Bathroom home (approx. 590 sqft). • Value: Provides immediate, guaranteed cash flow from day one of closing! ? THE CROWN JEWEL (Rear Unit - Brand New Construction ADU): • Status: Brand New Construction (Final Pa ss March 2026), built to premium modern standards by a licensed builder. • Layout: Massive 4 Bedrooms, 4 Bathrooms spread across 3 levels of luxury living space (2,273 sqft). o 1st Floor: 1 Bed / 1 Bath o 2nd Floor: 1 Bed / 1 Bath o 3rd Floor: 2 Beds / 2 Baths with a private terrace facing stunning East/South/West triple-exposure views. • Bonus Amenity: An ultra-rare 4-Car Attached Garage under the building—a premium luxury that is nearly impossible to find in Los Angeles! ?? LOCATION, EMPLOYMENT & LIFESTYLE: Nestled in a highly desirable, high-rental-demand pocket of East Los Angeles, this property offers an unbeatable location for commuters and professionals: • Unrivaled Commuter Access: Minutes from major freeways including the 60, 5, and 710, offering a quick, seamless commute across LA County. • Employment Hubs: Just a stone's throw from Downtown Los Angeles (DTLA) financial district, and walking distance to a dense medical employment hub including East Los Angeles Doctors Hospital and Los Angeles Community Hospital, ensuring a constant pool of high-quality, professional tenants. ?? INVESTOR & BUYER PERKS: • House Hacking Dream: Move into the spectacular, brand-new 4BR rear home and let the front unit heavily subsidize your mortgage, or rent out both for a high-cap-rate addition to your portfolio. This is a rare, stable income generator in a rapidly growing LA market. Don’t miss out—schedule your private tour today! • Property Sub Type: Duplex / Multi-Family • Structure Type: Multi-Family / Standalone Units • Number of Units: 2 • Separate Meters: Yes (Gas / Electric / Water)

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,490,000

AD Id : 91657841

MLS Id : MB26215525

Beds : 6

Lot Size : 5,338 Sq. Ft

Year Built : 2026

Garage : 4

County : Los Angeles

Open House Open House

  • 10/04 1 PM-8 PM
  • 10/10 1 PM-8 PM
  • 10/11 1 PM-8 PM
  • Map Map

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Feature Features

  • Interior Features

    BedroomOnMainLevel
    Laundry Features: UpperLevel
  • Heating & Cooling

    Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2026
    Building Area Total: 2873
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 5338 Lot Size Acres: 0.1225 Lot Size Source: Assessor Lot Size Square Feet: 5,338 Lot Description: Level,RectangularLot

  • Listing Price Information

    Listing Price: $1490000
    Cash, CashToNewLoan, CalVetLoan, Exchange1031, Fha203b, Fha203k, FHA

  • Tax Information

    Parcel Number: 5242013025 Tax Lot: 390

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: From west take 101S to 5 South of on R Ditman go left Olympic go r on Rowan WaterSource: Public
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Nearby Home Value

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3577 Siskiyou, Los Angeles, CA, 90023 $880,000 3 2 -- 7,485 Sq. Ft
1119 Calzona, Los Angeles, CA, 90023 $724,449 4 2 -- 6,199 Sq. Ft
1127 Calzona, Los Angeles, CA, 90023 $730,000 3 3 -- 4,996 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/03/2026 @ 20:45

MLS: MB26215525 LISTED BY: DAVID XU, EXCELLENCE RE REAL ESTATE 562-948-4553 SOURCE: CRMLS

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