Recently Listed New ConstructionOpen House 10/11 10am - 5pm
1231 S Rowan Avenue
Los Angeles, CA, 90023 $ 1,490,000
Bedrooms-- Baths0.0 Sq 2,873 Monthly Estimate*
$ 10,291
Listed by DAVID XU, EXCELLENCE RE REAL ESTATE, WEIJUN_XU@HOTMAIL.COM
for $1,490,000. This 2,873 square foot home was built in 2026 on a lot size of 0.1225.
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 Pass 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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Open House
10/11/2026 10:00 AM - 5:00 PM
1231 S Rowan Avenue Los Angeles, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer Public Sewer
Cooling Central Air
Zoning LCR4YY
HOA Fee 0
Garage Spaces 4
Pool Features None
Year Built 2026
View None
Levels Three Or More
Property Subtype Duplex
Gross Income 2100
Community Features Urban
County Los Angeles
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction true
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From west take 101S to 5 South of on R Ditman go left Olympic go r on Rowan
City Los Angeles
Entry Location Street
Senior Community Y/N false
Number Of Units Total 2
MLS Area BOYH - Boyle Heights
Lot Size Units Square Feet
Lot Size Square Feet 5338
Listing Terms Cash Cash to New Loan Cal Vet Loan 1031 Exchange FHA 203(b) FHA 203(k) FHA
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Builder
Tax Lot 390
Property Sub Type Additional Duplex
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InteriorInterior Amenities Bedroom on Main Level
Fireplace Features None
Total Stories 3
Common Walls No Common Walls
Air Conditioning Y/N true
Fireplace Y/N false
Laundry Features Upper Level
Entry Level 1
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ExteriorLot Features Level Rectangular Lot
Water Source Public
Total Parking 4
Lot Size Area 5338
Number of Buildings 2
Building Area Total 2873
Lot Size Acres 0.1225
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList ByExcellence Re Real EstateBroker
WEIJUN_XU@HOTMAIL.COMEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,291
- Monthly Property Taxes
- --
- Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,883,496
Percent of Sale Price 26%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/3/2026 | $1,490,000 | | Listed Price |