$798,988
For Sale by Owner $267/sq ft
Listed 3 months ago

5BR Multi-Family for Sale in Los Angeles, CA

926 Spence St, Los Angeles, CA 90023
5 Beds
5 Bath
2,995 sq ft
Built 1932
PropSlick Verified Data Key facts & insights for this exact address
$267
Price / sq ft
1932
Year Built
$1,414
Property Tax / yr
7,505 sf
Lot Size
2
Garage Spaces
Los Angeles
County

Key Facts

Property TypeMulti-Family
Year Built1932
Square Footage2,995 sq ft
Lot Size7,505 sq ft
Garage Spaces2
Annual Property Tax$1,414
Price / SqFt$267

Property 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. The primary residence, tucked privately in the rear building, features 3 beds and 2 baths. Large living room, formal dining room, big kitchen, indoor laundry, hardwood floors, and lots of natural light. The master bedroom has a huge private bathroom, and a long hallway for the additional bedrooms makes for conversion to Air-BNB type rental, easy. The front building offers 2 oversized 1 bed, 1 bath units with reliable, long-term tenants already in place, providing immediate passive income to make your mortgage feel like rent. The property also includes a massive, standalone two-car garage with a built-in workshop, perfectly positioned for a future ADU conversion, home office, or fourth rental income stream. This isn't just a starter home; it's a strategic investment in your future. Whether you are looking to live for a fraction of the cost or maximize your investment portfolio, this compound delivers versatility that a standard single-family home simply can't match. Don't just move in-move up. Schedule your tour today and see how this property can start working for you.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

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Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

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