12029 Washington PL, Los Angeles, CA 90066
12029 Washington PL, Los Angeles, CA 90066
12029 Washington PL, Los Angeles, CA 90066
12029 Washington PL, Los Angeles, CA 90066
12029 Washington PL, Los Angeles, CA 90066
12029 Washington PL, Los Angeles, CA 90066
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Derek Reilly

Derek Reilly

+1(310) 902-2909
$ 1,250,000
Est. payment | /mo

4 Beds

3 Baths

2,336 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

4 Beds

3 Baths

2,336 SqFt

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Vince Peagler III Pardee Properties #02207540

Nearby Locations

Derek Reilly

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 902-2909

derek@westsidederek.com

4215 Highland Ave, Manhattan Beach, California 90266, USA

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12029 Washington PL