$1,490,000

1231 S Rowan Avenue, Los Angeles, CA 90023

5 beds |
5 baths |
2,863 sqft

Condominium
Built in 2026
5,336sqft lot
1 car garage
$520/sqft
Listed 5 months ago

Property Description

2026 BRAND NEW Luxury 3-Story Home + Income-Generating Unit! RARE OPPORTUNITY IN BOYLE HEIGHTS! Welcome to this stunning, multi-generational dual-residence property featuring a BRAND NEW (2026) 2,273 sqft 3-story back house and a charming 590 sqft front house with reliable income. THE MAIN RESIDENCE (Rear House): Experience modern luxury in this massive 4BR/4BA masterpiece. Designed with triple-exposure (East, South, West) for incredible natural light throughout the day. Lifestyle: Enjoy sun-drenched mornings on your expansive 2nd-floor terrace facing East. Space: Three levels of meticulously designed living space, perfect for large families or those seeking a home office with a view. Parking: Rare and spacious 4-car garagea true luxury in Los Angeles! THE INCOME PRODUCER (Front House): A cozy, well-maintained 2BR/1BA unit currently leased at $2,100/month (1-year lease signed Jan 2026). This steady cash flow can significantly offset your mortgage, making high-end living more affordable than ever! INVESTOR & BUYER PERKS: SELLER CREDIT: Motivated Seller is offering 1% to 3% CREDIT to buyers for interest rate buy-down or closing costs! Efficiency: Separated utilities for easy management. Location: Prime East LA location with easy access to the 5, 60, and 710 freeways, minutes from DTLA. Live in luxury while your tenant helps pay the mortgage. This is the ultimate "House Hacking" dream! Dont miss outschedule your tour today!

Listing Status:: Active
Date Added:: October 14, 2025
Data Last Updated:: April 1, 2026 at 8:14PM
Listing Office:: EXCELLENCE RE REAL ESTATE : 562-948-4553
Listing Agent:: DAVID XU : 626-466-8694
MLS ID:: MB25239798

Appliances: Dryer
A/C: Central Forced Air
Fireplace: N/K

Pool: N/K
Parking: Parking spaces: 1

General: 3

HOA Amenities: 0.0
Originating MLS: California Regional MLS
County: Los Angeles

Zoning: LCR4YY5242013025
View: N/K

Water: Public
Sewer: Public Sewer

Source: California Regional MLS

This listing courtesy of DAVID XU , EXCELLENCE RE REAL ESTATE

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Eastman Elementary

4112 E Olympic Blvd, Los Angeles, CA, 90023

Grades KG-5

0.11 miles away

Stevenson Middle School

725 S Indiana St, Los Angeles, CA, 90023

Grades 6-8

0.71 miles away

City of Angels

221 S Eastman Ave, Los Angeles, CA, 90063

Grades KG-12

1.10 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.