18
See all 18 photos
$1,250,000
Est. payment /mo
4 Beds
3 Baths
2,336 SqFt
New
12029 Washington PL Los Angeles, CA 90066
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,336 sqft
Price per Sqft $535
MLS Listing ID 26848573
Bedrooms 4
HOA Y/N No
Year Built 1950
Lot Size 5,005 Sqft
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
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Solar
Cooling None
Fireplace No
Appliance Dishwasher
Exterior
Parking Features Assigned
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 3
Building
Faces South
Entry Level One,Multi/Split
Architectural Style Traditional
Level or Stories One, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4235029008
Special Listing Condition Standard
Listed by Vince Peagler III Pardee Properties #02207540
NEARBY SCHOOL & BUSINESS
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