926 Spence
Los Angeles, CA, 90023
(No pictures available yet)
$899,000
MLS: PW26094375
Beds
5
Baths
5
Sq Ft
2,995
Lot
0.17 ac
Year Built
1932
MLS #
PW26094375
Days on Market
5
Listed
May 1, 2026
Description
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.
Location
Los Angeles, Los Angeles County, CA 90023
Open on Google Maps ↗Listed by: Matthew Silva · Silva Real Estate
Payment estimate
$6,693
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $89,900 · Loan: $809,100
- Principal & Interest
- $5,119
- Property tax (1.25%)
- $936
- Homeowners insurance
- $300
- Mortgage insurance
- $337
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $31,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Los Angeles, CA 90023 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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