926 Spence, Los Angeles, CA 90023
Local realty services provided by:CENTURY 21 Masters
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...
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Home facts
- Listing ID #:PW26099376
- Added:134 day(s) ago
- Updated:September 13, 2026 at 02:05 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
Structure and exterior
- Levels:1 Story
Finances and disclosures
- Price:$798,988
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