1231 S Rowan Avenue
Los Angeles, CA, 90023
$1,490,000
MLS: MB25239798
Beds
6
Baths
5
Sq Ft
2,863
Lot
0.12 ac
Year Built
2026
MLS #
MB25239798
Days on Market
169
Listed
Nov 1, 2025
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 garage—a 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! Don’t miss out—schedule your tour today!
Location
Los Angeles, Los Angeles County, CA 90023
Open on Google Maps ↗Listed by: DAVID XU · EXCELLENCE RE REAL ESTATE
Payment estimate
$10,650
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $149,000 · Loan: $1,341,000
- Principal & Interest
- $8,239
- Property tax (1.25%)
- $1,552
- Homeowners insurance
- $300
- Mortgage insurance
- $559
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $52,150 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Los Angeles, CA 90023 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.