12029 Washington Pl, Los Angeles, CA 90066
- $1,250,000
- 4
- BD
- 3
- BA
- 2,336
- SqFt
Courtesy of Pardee Properties, Vince Peagler III - CA DRE#02207540
- List Price
- $1,250,000
- Status
- ACTIVE
- Days on Market
- 100
- MLS#
- 26848573
- Style
- Traditional
- Year Built
- 1950
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2,336
- Lot Size
- 5,006
- Acres
- 0.11
- MLS Area Major
- Palms - Mar Vista (C13)
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.
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Additional Information
- Property Description
- Traditional
- Air Conditioning
- None
- Garage Spaces
- 3
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