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2,873 sqft

$1,490,000

1231 S Rowan Avenue, Los Angeles CA, 90023

Price per sqft$518.62
Built in2026
Property size2,873 sqft
Property typeMulti-family
Listed by DAVID XU CA DRE# 02044607 with EXCELLENCE RE REAL ESTATE 626-466-8694

Overview

Active

Listed Oct 2, 2026

Updated 2 days ago

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)

$9,913/mo

Est. mortgage payment based on a $1,490,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
MB26215525

Interior Features

Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Garage
Yes
New Construction
Yes
55+/Senior Community
No
MLS provider logo

Listed by DAVID XU CA DRE# 02044607 with EXCELLENCE RE REAL ESTATE 626-466-8694

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/5/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/5/2026 at 3:51 AM UTC Last Checked: 3:51 AM UTC

 

 

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