90023 Homes with Quadruplex Subtype

90023 Homes with Quadruplex Subtype

Welcome to the vibrant zip code of 90023, located in Los Angeles, California. This bustling area offers a diverse range of opportunities and amenities for residents and visitors alike.

Situated in the heart of Los Angeles County, 90023 is known for its dynamic atmosphere and rich cultural heritage. The city of Los Angeles, with its iconic landmarks and world-class entertainment, is just a stone's throw away.

One of the notable features of this zip code is the availability of homes with a Quadruplex subtype. Quadruplexes are buildings that consist of four separate units, providing an excellent opportunity for homeowners and investors alike. These properties offer the potential for multiple streams of rental income or the flexibility to live in one unit while renting out the others.

Living in a Quadruplex in 90023 allows you to take advantage of the thriving real estate market in the area. With the demand for rental properties on the rise, owning a Quadruplex can be a lucrative investment. Additionally, this subtype of home offers the potential for shared expenses and maintenance, making it an attractive option for those looking for a cost-effective living arrangement.

Whether you're a first-time homebuyer, an investor, or someone looking for a unique living situation, exploring the homes with Quadruplex subtype in the 90023 zip code can open up exciting possibilities. Don't miss out on the opportunity to be a part of this thriving community in Los Angeles.

Newest 90023 Homes with Quadruplex Subtype

$798,988
PW26099376 MLS Active Status
MOVE IN READY, LIVE IN 1, 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. 926 Spence Street is a huge opportunity in Historic East Los Angeles, specifically tailored for investors or houseowners looking to leverage a Trust Sale into a generational wealth-building project. This sprawling 7,500-square-foot lot, zoned for Quadruplex use, is currently used as a 3 compound with a detached oversized garage begging to be converted into an ADU. By acquiring this asset, an investor secures a primary 3-bedroom, 2-bathroom rear residence ($4,000/mo market) in the back, with 2, 1-bedroom units (928 & 930) in front providing immediate, stable cash flow of $2,920/mo from long-term tenants. The "campus-style" layout gives you separation, providing the kind of privacy and outdoor areas increasingly rare in East LA. For property management ease, the units feature separate water heaters, gas meters, and electrical meters, the owner covers trash/water. The oversized garage an immediate footprint for a $2,200/mo ADU conversion, allowing the next owner to stabilize the asset as a four-unit powerhouse with projected annual revenue over $119,000 by Year 3. The "House-Hack" math is staggering: by living in the 3BR unit and applying rental income and the $2,000 monthly tax subsidy (check with your CPA), the net effective mortgage can feel like paying rent. Positioned in a high-velocity development zone near the Arts District and DTLA, this asset offers 100% Bonus Depreciation for a potential Day-1 tax shield. This rare convergence of zoning density, utility efficiency, and massive financial upside is the premier investment in East LA today.

926 Spence, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.