12029 Washington Place, Los Angeles, CA 90066
- $1,250,000
- 4
- BD
- 3
- BA
- 2,336
- SqFt
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 26848573
- Year Built
- 1950
- Bedrooms
- 4
- Bathrooms
- 3
- Living Sq. Ft
- 2,336
- Lot Size
- 5,006
- Acres
- 0.11
- Days on Market
- 40
- Property Type
- Multifamily
- Style
- Traditional
- Stories
- One Level, Multi Level
Property Description
Framed by a charming white picket fence and mature palms, this bright Mar Vista triplex presents a premier Westside investment opportunity with substantial value-add potential. The property features an ideal unit mix consisting of one 2-bedroom home and two 1-bedroom units, complemented by an attached garage generating additional income. Fully occupied and professionally managed, the property offers immediate, stable cash flow with exceptional long-term upside. Current rents sit approximately one-third below market value, representing a projected 52% increase in rental income upon unit turnover. Major capital improvements have already been addressed, including a brand-new main sewer line completed in 2026. Ideally situated just minutes from Silicon Beach, Culver City, coastal beaches, and the 405/10 freeways, this high-demand location ensures historically low vacancy. Whether you are a seasoned investor looking for a clear path to optimization or an owner-user looking to supplement your mortgage, this property qualifies for standard 1- 4 unit residential financing.
Additional Information
- Appliances
- Dishwasher
- Heat
- Solar
- Cooling Description
- None
- Garage Spaces Total
- 3
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Vince Peagler III (vince@pardeeproperties.com) from Listing Office: Pardee Properties.
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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.