12029 Washington Place, Los Angeles, CA 90066

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
12029 Washington Place,Los Angeles, CA 90066
$1,250,000
  • 4 Beds
  • 3 Baths
  • 2,336 sq. ft.
  • Multi-family
  • Active
Listed by: vince peagler iii, tamra (tami) pardee
Office: pardee properties310-907-6517
MLS#:26848573
Source:CRMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$535.1

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:26848573
  • Added:54 day(s) ago
  • Updated:August 11, 2026 at 11:09 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Kitchen Description:Dishwasher
  • Living area:2,336 sq. ft.

Heating and cooling

  • Heating:Solar

Structure and exterior

  • Year built:1950
  • Building area:2,336 sq. ft.
  • Lot area:0.11 Acres
  • Architectural Style:Traditional
  • Levels:1 Story

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$535.1

Features and amenities

  • Appliances:Dishwasher

Parking

  • Total parking spaces:3
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:3
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