Home | Los Angeles County | Los Angeles | 90023 | 926 Spence
MLS: CRPW26099376 | Status: Active | Price: $899,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,504 | 1932 |
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
| Field | Value |
|---|---|
| MLS # | CRPW26099376 |
| MLS Source | California Regional MLS |
| Days on Site | 6 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Carport, Garage: 2 Car(s) |
Matthew Silva
Silva Real Estate
License #: 01380645
Phone: (562) 521-8575
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 850 | – | 0/0 | – |
| 2 | 1,200 | – | 0/0 | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 3507 Sabina | $899,000 | – | – | – | Contingent |
| 3725 E 57th | $950,000 | – | – | – | Active |
| 3559 E 4th | $828,000 | – | – | – | PendingDoNotShow |
| 502 S Soto | $775,000 | – | – | – | PendingDoNotShow |
| 1455 Miller Ave. | $748,000 | – | – | – | PendingDoNotShow |
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This listing information is up-to-date as of May 07, 2026. For the most current information, please contact Matthew Silva, (562) 521-8575.