# 926 Spence, Los Angeles, CA 90023 > **TL;DR:** 5bd/4ba multi-family, $798,988, built 1932. > 2-car garage. Est. $4,273/mo. Listed 184 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $798,988 | | Bedrooms | 5 | | Bathrooms | 4 full | | Year Built | 1932 | | Lot Size | 7,505 sqft (0.17 acres) | | Stories | 1 | | Garage | 2-car | | Property Type | Multi-Family (Quadruplex) | | Status | Active Under Contract | | Days on Market | 184 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,040 | | Estimated Insurance | $233 | | **Total** | **$4,273** | ## Key Amenities - 2-car garage ## Property Highlights - Built in 1932 - 0.17 acre lot - 8 parking spaces ## Description ### Agent Description 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. ## Location - **Address:** 926 Spence, Los Angeles, CA 90023 - **County:** Los Angeles - **Coordinates:** 34.025892, -118.199015 - **Google Maps:** https://www.google.com/maps?q=34.025892,-118.199015 ## Listing Agent - **Name:** Matthew Silva · **License:** 01380645 - **Brokerage:** Silva Real Estate - **Broker Phone:** (714) 742-2636 ## Photos ![926 Spence - Photo 1](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f2741378339r.jpg) ![926 Spence - Photo 2](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f663081992r.jpg) ![926 Spence - Photo 3](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f2566689865r.jpg) ![926 Spence - Photo 4](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f964227748r.jpg) ![926 Spence - Photo 5](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f4043719717r.jpg) ![926 Spence - Photo 6](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3679375571r.jpg) ![926 Spence - Photo 7](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f289831010r.jpg) ![926 Spence - Photo 8](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f2376971688r.jpg) ![926 Spence - Photo 9](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f1259843080r.jpg) ![926 Spence - Photo 10](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f2745247166r.jpg) ![926 Spence - Photo 11](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3474253964r.jpg) ![926 Spence - Photo 12](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3299656753r.jpg) ![926 Spence - Photo 13](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3299968336r.jpg) ![926 Spence - Photo 14](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3596952458r.jpg) ![926 Spence - Photo 15](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f4175335101r.jpg) ![926 Spence - Photo 16](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f1594752812r.jpg) ![926 Spence - Photo 17](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3898861774r.jpg) ![926 Spence - Photo 18](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f651001986r.jpg) ![926 Spence - Photo 19](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3281684243r.jpg) ![926 Spence - Photo 20](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3451984361r.jpg) ![926 Spence - Photo 21](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3318917758r.jpg) ![926 Spence - Photo 22](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3793895431r.jpg) ![926 Spence - Photo 23](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f1809050108r.jpg) ![926 Spence - Photo 24](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3218644146r.jpg) ![926 Spence - Photo 25](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f433287426r.jpg) ![926 Spence - Photo 26](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f1111359490r.jpg) ![926 Spence - Photo 27](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f3207848526r.jpg) ![926 Spence - Photo 28](http://lh.rdcpix.com/45c55c7a964f34aaf81f122a12ea1680l-f1443401379r.jpg) --- **MLS#:** PW26099376 | **Updated:** 2026-10-29 **Source:** listhub *Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/926-spence-los-angeles-ca-90023-7b6bd8cc1071443b8da7210ab9598680) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/926-spence-los-angeles-ca-90023-7b6bd8cc1071443b8da7210ab9598680#listing", "url": "https://www.propertysimple.ai/listing/926-spence-los-angeles-ca-90023-7b6bd8cc1071443b8da7210ab9598680", "name": "926 Spence, Los Angeles, CA 90023", "description": "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. 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