926 Spence St, Los Angeles, CA, 90023
About This Home
Why buy a regular house when you can buy one that pays you? This is the ultimate once-in-a-lifetime opportunity to secure a property that functions as both a spacious home and a powerful passive-income machine. The primary residence, tucked privately in the rear building, features three oversized bedrooms and two bathrooms. Large living room, formal dining room, big kitchen, indoor laundry, hardwood floors, and lots of natural light. The front building offers two oversized one-bedroom 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.
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1932
Type & Style
- Home type: SingleFamily
- Property subType: Duplex
Interior
Appliances
- Laundry features: In Kitchen
Bedroom
- Features: All Bedrooms Down
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 1
- Main level bedrooms: 1
Cooling
- Cooling features: None
Features
- All Bedrooms Down
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior Area
- Total interior livable area: 2,995 sqft
Property
Details
- Parcel number: 5188016015
- Special condition: Standard,Trust
Features
- Levels: One
- Stories: 1
- Entry location: Gound
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 7,504 sqft
- Features: Yard
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,040 | $48,480 |
| Home Insurance * | $141 | $1,692 |
| Property Taxes | $1,337 | $16,044 |
| Electricity | $642 | $7,706 |
| Total | $6,160 | $73,920 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listed for sale | $899,000 |
| 2026-04-12 | Listed for rent | $5,500 |
View on Zillow