926 Spence, Los Angeles, CA 90023
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
926 Spence,Los Angeles, CA 90023
$798,988
- 5 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: matthew silva
Office: silva real estate
MLS#:PW26099376
Source:San Diego MLS via CRMLS
Price summary
- Price:$798,988
About this home
MOVE IN READY, LIVE IN 1, RENT OUT THE OTHERS! 3 Units with 3 bedroom 2 bath home delivered vacant. Rare find so close to downtown LA, where you can live in 1 unit and have 2 more units pay you rent. The 3-bed, 2-bath was never a rental property and sits next to an oversized 2-car garage with workshop, a perfect layout for an ADU. 926 Spence Street is a huge opportunity in Historic East Los Angeles, specifically tailored for investors or houseowners looking to leverage a Trust Sale into a generational wealth-building project. This sprawling 7,500-square-foot lot, zoned for Quadruplex use, is currently used as a 3 compound with a detached oversized garage begging to be converted into an ADU. By acquiring this asset, an investor secures a primary 3-bedroom, 2-bathroom rear residence ($4,000/mo market) in the back, with 2, 1-bedroom units (928 & 930) in front providing immediate, stable cash flow of $2,920/mo from long-term tenants. The "campus-style" layout gives you separation, providing the kind of privacy and outdoor areas increasingly rare in East LA. For property management ease, the units feature separate water heaters, gas meters, and electrical meters, the owner covers trash/water. The oversized garage an immediate footprint for a $2,200/mo ADU conversion, allowing the next owner to stabilize the asset as a four-unit powerhouse with projected annual revenue over $119,000 by Year 3. The "House-Hack" math is staggering: by living in the 3BR unit and applying rental income and the $2,000 monthly tax subsidy (check with your CPA), the net effective mortgage can feel like...
Contact an agent
Home facts
- Listing ID #:PW26099376
- Added:58 day(s) ago
- Updated:June 29, 2026 at 02:30 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
Structure and exterior
- Levels:1 Story
Finances and disclosures
- Price:$798,988
New listings near 926 Spence
- Open Tue, 11am to 2pmNew
$2,595Active6 beds 6 baths3,981 sq. ft.15224 W Holyland Drive, Van Nuys, CA 91411
MLS# 26853245Listed by: THE AGENCY - New
$479,000Active3 beds 2 baths1,178 sq. ft.18601 Collins #D30, Tarzana, CA 91356
MLS# PW26100524Listed by: FIRST TEAM REAL ESTATE - New
$699,000Active-- beds -- baths1,370 sq. ft.947 W 60th, Los Angeles, CA 90044
MLS# SR26141004Listed by: REAL BROKERAGE TECHNOLOGIES, INC. - New
$1,285,000Active3 beds 3 baths1,851 sq. ft.4236 Sawtelle Boulevard, Los Angeles, CA 90066
MLS# 26853521Listed by: JESSE WEINBERG - New
$2,100,000Active7 beds 9 baths4,005 sq. ft.1250 S Windsor Boulevard, Los Angeles, CA 90019
MLS# 26853527Listed by: KELLER WILLIAMS REALTY LOS FELIZ - New
$885,000Active4 beds 3 baths2,035 sq. ft.6920 Valmont #5, Tujunga, CA 91042
MLS# GD26141060Listed by: EVERNEST REALTY GROUP - New
$659,999Active2 beds 2 baths1,140 sq. ft.7100 Alvern Street #311, Los Angeles, CA 90045
MLS# SR26134760Listed by: COMPASS - Coming Soon
$779,000Coming Soon3 beds 2 baths9363 Gullo, Pacoima, CA 91331
MLS# SR26137979Listed by: KELLER WILLIAMS LUXURY - New
$2,690,000Active3 beds 3 baths129 N Almont Drive, Los Angeles, CA 90048
MLS# 26852519Listed by: COMPASS - New
$2,395,000Active22 beds 14 baths7,320 sq. ft.946 E 21st Street, Los Angeles, CA 90011
MLS# 26852721Listed by: VIP REALTY CALIFORNIA, PC