$798,988
-$12926 Spence, Los Angeles CA 90023
Multi-Family (Fourplex)
Property type
30 days
On market
$267
Price per sqft
2 cars
Garage
1932
Year built
7,504 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Matthew Silva DRE #01380645 562-521-8575, Silva Real Estate
Listing updated: Jun 4, 2026 at 05:58am.
Last checked: Jun 4, 2026 at 06:30am
Source: CRMLS #PW26099376
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,260 | $1,260 | $2,200 | Unfurnished |
| 1 | 1 | 1 | — | $1,660 | $1,660 | $2,200 | Unfurnished |
| 1 | 3 | 2 | — | $0 | $0 | $4,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 3
Separate Electric Meters: 3
Separate Gas Meters: 3
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 2
Total Actual Rent: $2,920
Financial Snapshot
Gross Rent Multiplier
22.8x
List Price / Annual Gross Rent
Cap Rate
3.55%
NOI / List Price
Gross Scheduled Income: $35,000
Operating Expense: $6,600
Net Operating Income: $28,400
Annual Operating Expenses
Gardener: $50
Insurance: $350
Trash: $75
Water / Sewer: $75
Interior
Laundry: Washer Hookup, Inside
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Lot Features: Front Yard, Lawn, Yard
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Carport, Door Multi, Garage, Workshop In Garage
Garage Spaces: 2
Uncovered Spaces: 5
Carport Spaces: 1
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5188016015
Additional Parcels: No
Tax Lot: 19
Community
Senior Community: No
Community Features: Street Lights, Suburban, Sidewalks, Urban
Nearby Schools
Nearby schools around the 926 Spence, Los Angeles, CA 90023. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$639,190
Total Interest
$815,252
Total Payment
$1,454,443
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,022
per month
Property History for 926 Spence
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90023.
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