929 N Rowan Avenue, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$1,100,000
929 N Rowan Avenue, Los Angeles, California 90063
0Bed
0Bath
2,496Sqft
8,437Lot
Year Built
1914
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
WS25255400
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(96th), sqft - 2496(80th), beds - undefined(50th), baths - undefined(50th).
Price History
Date
Event
Price
11/06/25
Listing
$1,100,000
03/21/23
Sold
$845,000
04/15/14
Sold
$415,000
03/05/01
Sold
$165,000
Condition Rating
Fair
Built in 1914, this property's core infrastructure and major systems (plumbing, electrical, HVAC, roofing) are likely very old and will require significant capital investment, as highlighted in the MLS weakness. However, the interior images reveal recent cosmetic updates to the kitchen and bathrooms, featuring modern shaker-style cabinets, subway tile backsplashes/surrounds, stainless steel appliances, recessed lighting, and updated flooring (tile and laminate). While these updates make the living spaces move-in ready and aesthetically pleasing, they do not fully offset the age and potential deferred maintenance of the underlying structure and major components, placing it in the 'fair' category where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Income-Generating Asset: As a Triplex, the property offers multiple rental income streams, making it an attractive investment for those seeking passive income or an owner-occupant looking to offset mortgage costs.
Generous Lot Size: The substantial 8,437 sqft lot provides ample outdoor space and potential for future expansion, landscaping, or the addition of Accessory Dwelling Units (ADUs), enhancing long-term value.
Historic Architectural Character: Built in 1914, the property likely retains unique period details and architectural charm, appealing to buyers who appreciate historical aesthetics and character over modern construction.
Strategic Boyle Heights Location: Situated in the vibrant and culturally rich Boyle Heights neighborhood, the property benefits from its proximity to downtown Los Angeles, local amenities, and ongoing community revitalization efforts.
Substantial Building Square Footage: With 2,496 sqft, the property offers considerable living space across its units, providing flexibility for various tenant needs and potentially higher rental yields.
Cons
Extensive Age-Related Capital Expenditures: A 1914 construction date suggests a high probability of needing significant capital investment for updates to major systems such as plumbing, electrical, roofing, and HVAC to meet modern standards and tenant expectations.
Potential Rent Control Limitations: As a multi-unit property in Los Angeles, it is highly likely to be subject to rent control ordinances, which can restrict rental income growth and impact an investor's ability to adjust rents.
Aggressive Pricing Relative to Recent Sales: The current list price of $1.1M represents a substantial increase from its 2023 sale price of $845,000, which may be perceived as an ambitious valuation requiring strong justification through market conditions or property improvements.