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926 Spence

Los Angeles, CA 90023
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Bed 5

Bed

Bath 4

Bath

SqFt2,990

Sqft

SqFt7,504

Sqft(Lot)

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 paying rent. Positioned in a high-velocity development zone near the Arts District and DTLA, this asset offers 100% Bonus Depreciation for a potential Day-1 tax shield. This rare convergence of zoning density, utility efficiency, and massive financial upside is the premier investment in East LA today.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $798,988

AD Id : 85158568

MLS Id : PW26099376

Beds : 5

Lot Size : 7,504 Sqft

Living Area Size : 2,990

Year Built : 1932

Garage : 2

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1932
    Building Area Total: 2990
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7504 Lot Size Acres: 0.1723 Lot Size Source: Assessor Lot Size Square Feet: 7,504 Lot Description: Front Yard,Lawn,Yard

  • Listing Price Information

    Listing Price: $798988
    Original Price: $899000
    Conventional, FHA 203(k), FHA, Fannie Mae, Submit

  • Tax Information

    Parcel Number: 5188016015 Tax Lot: 19

  • Parking Information

    Parking Total: 8 Carport, Door-Multi, Garage, Workshop in Garage

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: S. Whittier Blvd WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
947 S Sunol Drive, Los Angeles, CA, 90023 $1,249,900 7 7 --
715 S Record, Los Angeles, CA, 90023 $799,000 5 2 --
3946 E 6th Street, Los Angeles, CA, 90023 $749,000 11 5 3,906 3,906 SqFt
811 S Gage Avenue, Los Angeles, CA, 90023 $939,000 3 3 2,336 2,336 SqFt
1008 S Herbert Ave, Los Angeles, CA, 90023 $825,000 4 2 --
4045 Dennison Street, Los Angeles, CA, 90023 $1,299,999 9 6 3,649 3,649 SqFt
1231 S Rowan Avenue, Los Angeles, CA, 90023 $1,490,000 6 5 2,863 2,863 SqFt
801 S Hicks Avenue, Los Angeles, CA, 90023 $825,000 3 2 --
3454 Sabina St, Los Angeles, CA, 90023 $1,150,000 8 7 4,104 4,104 SqFt
1273 S Alma, Los Angeles, CA, 90023 $795,000 4 4 1,518 1,518 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/25/2026 @ 13:47

MLS: PW26099376 LISTED BY: Matthew Silva, Silva Real Estate 562-521-8575 SOURCE: CRMLS

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