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$ 1,250,000
Est. payment /mo
Active
12029 Washington Place Los Angeles, CA 90066
4 Beds
2,336 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,336 sqft
Price per Sqft $535
MLS Listing ID CL26848573
Bedrooms 4
HOA Y/N No
Year Built 1950
Lot Size 5,006 Sqft
Acres 0.11
Property Sub-Type OTHER
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Solar
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 4235029008
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Vince Peagler III • Pardee Properties