12029 Washington Place, Los Angeles, CA 90066
List Price: $1.25M
Listing Status: Active
0Days on Market: 0
4 Bedrooms · 3 Bathrooms · 2,336 sq ft
Property Type: ResidentialIncome
Year Built: 1950
Lot Size: 5,006 sq ft
Garage Spaces: 3
MLS Number: 26848573
About This Property
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.
Listing provided by: Vince Peagler III DRE #02207540 310-907-6517 vince@pardeeproperties.com, Pardee Properties
Source: CRMLS, MLS #: 26848573
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.