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Listed by: Vince Peagler III (310) 775-1077 DRE #02207540, Tamra (Tami) Pardee DRE #01421451 | Pardee Properties (310) 907-6517
$1,250,000
Monthly Est:$6,222
4 Beds
3 Baths
2,336sqft
12029 Washington Pl, Los Angeles, CA 90066
$1,250,000
$6,222/moEst:
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Multi Family
Built in 1950
$-- HOA
5,006 sqft lot
$535/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: August 25, 2026 at 11:12 pm
- Source: California Regional MLS-CA | MLS#: 26848573
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1950
HOA Fees
-
Finished Area
2,336 sqft
Lot Size
5,006 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26848573
MLS Status
Active
Days on Market
138
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 3
Interior
Heating
Solar
Cooling
None
Appliances
Dishwasher
Construction
Year Built
Year Built: 1950
Home type
Multi Family
Architectural Style
Traditional
Utilities & Energy
Parking Features
Assigned
Other Features
Disclosures
Rent Control
Price History
| Date | Event | Price |
|---|---|---|
06/17/2026 Source: | Listed for Sale | $1,250,000 $535/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 02, 2026, 02:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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