About this home

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)

Facts and features

Schools

• Eastman Avenue Elementary School

  elementary · K-5 · 0.1 mi

  7

• Robert Louis Stevenson Middle School

  middle · 6-8 · 0.7 mi

  3

• Boyle Heights Hilda Solis High

  high · 9-12 · 1.7 mi

  6

• Cristo Viene Christian School

  elementary · K-12 · 0.7 mi

• KIPP Academy Of Innovation

  elementary · 5-8 · 0.3 mi

  6

• Amanecer Primary Center

  elementary · K-2 · 0.4 mi

Price history

• Oct 3, 2026 · Listed$1,490,000
• Oct 2, 2026 · Listing Removed—
• Feb 6, 2026 · Price Changed$1,490,000
• Jan 10, 2026 · Listing Removed—
• Jan 4, 2026 · Listed For Rent$2,000
• Nov 1, 2025 · Listed$1,450,000
• Feb 23, 2025 · Listing Removed—
• Aug 8, 2024 · Price Changed$799,999

Tax history

• 2025$6,478 tax · $492,504 assessed
• 2024$6,399 tax · $482,848 assessed
• 2023$6,289 tax · $464,100 assessed
• 2022$1,053 tax · $28,349 assessed
• 2021$1,039 tax · $27,794 assessed
• 2020$1,038 tax · $27,510 assessed
• 2019$1,019 tax · $26,971 assessed
• 2018$931 tax · $26,443 assessed

Home value

$1,467,664

• Quantarium$1,467,664
• Collateral Analytics$1,475,000
• Cotality$1,442,400

Where it is