12029 Washington Place, Los Angeles, CA 90066
Local realty services provided by:CENTURY 21 Sierra Properties
12029 Washington Place,Los Angeles, CA 90066
$1,250,000
- 4 Beds
- - Baths
- 2,336 sq. ft.
- Multi-family
- Active
Listed by: vince peagler iii, tamra (tami) pardee
Office: pardee properties
MLS#:CL26848573
Source:Bay East, CCAR, bridgeMLS
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 your mortgage, this property qualifies for standard 1- 4 unit residential financing....
Contact an agent
Home facts
- Year built:1950
- Listing ID #:CL26848573
- Added:130 day(s) ago
- Updated:October 26, 2026 at 02:42 PM
Rooms and interior
- Bedrooms:4
- 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
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$535.1
Parking
- Parking description:Assigned
New listings near 12029 Washington Place
- Coming Soon
$220,000Coming Soon-- beds 1 baths444 sq. ft.20234 Cantara Street #136, Winnetka, CA 91306
MLS# SR26230633Listed by: RE/MAX LUXE - Coming Soon
$2,999,000Coming Soon7 beds 5 baths4,576 sq. ft.2641 N Vermont Avenue, Los Angeles, CA 90027
MLS# P1-29373Listed by: COMPASS - Coming Soon
$975,000Coming Soon2 beds 1 baths856 sq. ft.331 Brooks Ave #4, Venice, CA 90291
MLS# 26104392Listed by: PARDEE PROPERTIES - Coming Soon
$675,000Coming Soon2 beds 1 baths870 sq. ft.Address Withheld By Seller, Gardena, CA 90247
MLS# 260025661SDListed by: ESQUIRE REALTY - Coming Soon
$546,000Coming Soon1 beds 1 baths805 sq. ft.717 W Olympic Boulevard #2501, Los Angeles, CA 90015
MLS# 26104433Listed by: REDEAVOR GROUP - Coming Soon
$524,000Coming Soon2 beds 1 baths964 sq. ft.4200 Zamora, Los Angeles, CA 90011
MLS# CV26230192Listed by: RE/MAX OLYMPIC - Coming Soon
$999,000Coming Soon4 beds 2 baths1,927 sq. ft.6414 Corbin Avenue, Reseda, CA 91335
MLS# BB26229558Listed by: EQUITY UNION - Coming Soon
$677,000Coming Soon3 beds 2 baths1,092 sq. ft.1857 Lansdowne Avenue, Los Angeles, CA 90032
MLS# PW26229449Listed by: DEE ANN TUMBUAN - Coming Soon
$775,000Coming Soon-- beds -- baths1 sq. ft.1217 -1219 W 99th, Los Angeles, CA 90044
MLS# SW26229893Listed by: GOLDEN FEATHER INVESTMENTS INC - Coming Soon
$165,000Coming Soon3 beds 2 baths1,344 sq. ft.8811 Canoga Ave #221, Canoga Park, CA 91304
MLS# SR26228727Listed by: KELLER WILLIAMS VIP PROPERTIES