Triplex With Detached
926 Spence, Los Angeles, CA 90023
For Sale
$799,000
Under Contract
Los Angeles, CA
Property Size2,995 SF
Lot Size0.17 Acres
Price / SF$266.78
Days on Market200
Property Features for 926 Spence
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Sewer type
Water source
Amenities
indoor laundry
workshop
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Silva Real Estate
Listed By:
Matthew Silva · License CA #01380645
(562) 521-8575
Added: Apr 30
Changed: Nov 10
Last Checked: Nov 15 at 1:06AM
MLS# PW26094375
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This 2,995-square-foot triplex was built in 1932 and includes three separate units. The rear residence is delivered vacant with three bedrooms, two bathrooms, a living room, formal dining room, kitchen, indoor laundry, hardwood floors, and natural light. Two one-bedroom units are located in the front building and have long-term tenants in place.
A standalone two-car garage with a built-in workshop is also included. The garage is identified in the property information as a potential future ADU conversion, home office, or additional rental space; no completed conversion is stated. The property sits on 0.1723 acres and is served by public water and public sewer.
A standalone two-car garage with a built-in workshop is also included. The garage is identified in the property information as a potential future ADU conversion, home office, or additional rental space; no completed conversion is stated. The property sits on 0.1723 acres and is served by public water and public sewer.
Key Highlights
- 2,995 square feet across three residential units
- Vacant three‑bedroom, two‑bath rear residence
- Two front‑building one‑bedroom units with long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,303
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,060
$1.0M
Cap Rate 7%
$747,186
$747.2K
Cap Rate 9%
$581,144
$581.1K
Market Conditions
NOI Build-Up for 2,995 SF
Gross rent
$80.9K $27.00/SF
− Vacancy
−$6.1K −$2.05/SF
EGI
$74.7K $24.95/SF
− OpEx
−$22.4K −$7.48/SF
NOI
$52.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,060
Cap Rate 7%
$747,186
Cap Rate 9%
$581,144
Alternative Uses
Best Use
Multifamily LT 5
$747.2K
$653.8K – $871.7K
NOI $52,303 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$688.5K
$602.4K – $803.2K
NOI $48,192 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,531 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
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Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Los Angeles, CA
Properties on Market for Triplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with a vacant three-bedroom residence, two tenant-occupied one-bedroom units, and a detached workshop garage.
Where is this triplex located?
The property is located at 926 Spence Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,995 square feet across three residential units; Vacant three‑bedroom, two‑bath rear residence; Two front‑building one‑bedroom units with long‑term tenants
