926 Spence, Los Angeles, CA 90023

Property Description

WHY PAY RENT WHEN YOU CAN OWN FOR THE SAME COST? Live in one, 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.