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    624 Spence St Los Angeles, CA 90023

    New
    For Sale
    $980,000

    Commercial Sale - Los Angeles, CA

    Property size:
    3,372 SF
    Days on Market:
    5
    Last Refresh:
    Dec 12 at 10:06 am

    Property Features for 624 Spence St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LARD1.5
    APN
    5188003019
    Size
    3,372 SF

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1916
    Architectural style
    Other

    HOMEQUEST REAL ESTATE CORP (909) 606-0888 [email protected]

    Listing agent Diana Morales (909) 606-0888 License #01113435

    Listing date Dec 8, 2025

    MLS# IG25271730 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historical Boyle Heights Multifamily Property

    Located in the Eastern Los Angeles Boyle Heights area, this unique property is part of a historical site. Constructed in 1916, the property consists of six units, located at 624, 626, 628, 630 Spence Street and continuing around the corner to 3501 and 3503 Sabina Street. Each single-story unit features a front porch entrance, one bedroom, one bathroom, a kitchen, and an adjacent laundry room designed for a stackable washer/dryer (not included). Each unit also includes a modest backyard with a tool shed. Originally storefronts, the buildings were converted to duplex apartments. The property is centrally located near metropolitan areas and shopping along Cesar E. Chavez Avenue, which features numerous local businesses. The location is also near various schools. Recreational areas include Evergreen Park, offering a playground, events, and a community center; Boyle Heights Sports Center and Park, featuring bike trails and a multi-purpose field; and Salazar Park, which hosts baseball/softball and basketball activities. Good transit service is available for commuting in and around the city. The property has a zoning designation of LARD1.5 and a total size of 3372 square feet. There is no designated parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.197245
    Latitude
    34.028646

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in a historical Los Angeles location.
    Where is this apartment building located?
    The property is located at 624 Spence St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: - Located in the historic Boyle Heights area of Eastern Los Angeles.; - Six individual one-story units, each with a front porch entrance.; - Each unit includes one bedroom, one bathroom, and a kitchen with laundry room.
    (909) 606-0888
    Request Owner's contact information
    624 Spence St Los Angeles, CA 90023
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    Los Angeles, CA 90023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    624 Spence St Los Angeles, CA 90023
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