Est. cap rate

2.2%

Assumed rent, all units

$5,520/mo

Units

2

Price per unit

$745,000

Est. annual NOI

$33,120

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

6

Bathrooms

5

Building size

2,863 sqft

Lot size

5,338 sqft

Year built

2026

Stories

3

Garage spaces

4

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

279

MLS #

234393039

About this property

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

1231 S Rowan Avenue

Los Angeles, Los Angeles, CA, 90023