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  • 926 Spence

926 Spence, Los Angeles, CA 90023

$798,988 Approx. USD 0 beds, 0 baths
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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com
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Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com
Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700
Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Matthew Silva | matt@silvareal.com
Lic#: 01380645
Broker: Courtesy of Silva Real Estate
Phone: 562-521-8575

Agent Remarks

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.

Listing Details

Trust & Probate
Property type: Quadruplex (Multi-Family)
Status: Active Under Contract
MLS# PW26099376
Price: $798,988
Beds: 0
Baths: 0
Built in 1932
1 story
0.17 acres
Lot size: 0.1723
County: Los Angeles
Parking description: Carport,Door-Multi,Garage,Workshop in Garage
Lot description: Front Yard,Lawn,Yard
MLS area: BOYH - Boyle Heights

Last Updated: 9/12/2026

 Days On Market (DOM): 127

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This listing belongs to the BOYH - Boyle Heights MLS area

Lat/Long: 34.025892, -118.199015.
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Source: CRM. Also Available in PW26094375,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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