1231 S Rowan Avenue, Los Angeles, CA 90023 - Photo 1

Save This Listing

1/40

View All Photos

$1,490,000

For Sale
Active
Multi-Family
Updated 5 days ago

Next open house:

Saturday 10/10 10:00 AM - 5:00 PM

Get directions

Join us at 1231 S Rowan Avenue on:

Open House: 10:00 AM - 5:00 PM
Sunday 10/11 10:00 AM - 5:00 PM
1231 S Rowan Avenue,Los Angeles, CA 90023
1231 S Rowan AvenueLos AngelesCA90023

See This Home

Save This Listing

1/40

Property Description

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)

Full Property Details

Full Property Details for 1231 S Rowan Ave

General

Price: $1,490,000
Status: Active
Type: Multi-Family
Source: MRMLS
MLS ID: MB26215525
Updated: 10/4/2026
Days on Market: 7 days
Added to Site: 8 day(s) ago

Interior

Rooms/Areas: Laundry, Multi-Level Bedroom, Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom
Fireplace(s): None

Rooms

Other Rooms

Laundry: Upper Level

Additional Information

Pool Description: None

Parking

Garage Spaces: 4

Location

Area: BOYH - Boyle Heights
County: Los Angeles
Development Name: BOYH - Boyle Heights
Driving Directions: From west take 101S to 5 South of on R Ditman go left Olympic go r on Rowan

Heating & Cooling

Cooling Type: Central Air

Utilities

Sewer: Public Sewer
Water: Public
# Water Meters: 2
# Gas Meters: 2
# Electric Meters: 2

Structural Information

Entry Location: Street
Stories/Levels: Three Or More
Stories Description: Three Or More
Square Feet: 2,873
Year Built: 2026

Unit Information

Unit 1

Number of Units: 1
Bedrooms: 2

Unit 2

Number of Units: 1
Bedrooms: 4

Lot Features

Property View: None
Lot Size (Acres): 0.1225
Lot Size (Sq. Ft.): 5,338
Lot Size Source: Assessor
Zoning: LCR4YY
Lot Description: Rectangular Lot, Level

Financial Considerations

Price Per Sq. Ft.: $518.62
Price Per Unit: 745000

Listed by Excellence Re Real Estate, DAVID XU

Quickly Find Out More

* Indicates a required field

Comment optional

Full Name *

Email Address *

Mobile Phone Number *

See this property in person

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 1231 S Rowan Ave —

DAVID XU

Excellence Re Real Estate

626-466-8694

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 1231 S Rowan Ave

School District:Los Angeles Unified School District

Name	Grades	Distance
Eastman Avenue Elementary School 4112 East Olympic Boulevard, Los Angeles, CA 90023	K-5	0.1 mi
Robert Louis Stevenson Middle School 725 South Indiana Street, Los Angeles, CA 90023	6-8	0.6 mi
Engineering And Technology Academy At Esteban E. Torres High No. 3 4211 Dozier Street, Los Angeles, CA 90063	9-12	1.7 mi
East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2 4211 Dozier Street, Los Angeles, CA 90063	9-12	1.7 mi
Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4 4211 Dozier Street, Los Angeles, CA 90063	9-12	1.7 mi
Social Justice Leadership Academy At Esteban E. Torres High No. 5 4211 Dozier Street, Los Angeles, CA 90063	9-12	1.7 mi
Hilda L. Solis Learning Academy School Of Technology, Business And Education 319 North Humphreys Avenue, Los Angeles, CA 90022	9-12	1.7 mi
James A. Garfield Senior High School 5101 E. Sixth St., Los Angeles, CA 90022	9-12	1.8 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1231 S Rowan Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/02/2026

Listed

$1,490,000

227.47%

MLS

2/03/2022

Sold

$455,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1231 S Rowan Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$6,479

—

$492,504

2025

$6,479

$482,848

2023

$6,290

497%

$464,100

1537%

2022

$1,053

$28,349

2021

$1,039

—

$27,794

2020

$1,039

$27,510

2019

$1,020

$26,971

2018

$932

$26,443

2017

$916

23%

$25,926

2016

$746

$25,419

2015

$737

-1%

$25,038

2014

$743

$24,548

—

2013

$733

—

$24,438

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1231 S Rowan Ave

1231 S Rowan Avenue, Los Angeles, CA 90023 (MLS# MB26215525) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 1231 S Rowan Avenue is currently listed for $1,490,000 and was received on October 02, 2026. Want to learn more about 1231 S Rowan Avenue? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

Tour this property

1231 S Rowan Ave Los Angeles, CA 90023