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4 Beds
3 Baths
2,336 sqft

$1,250,000

12029 Washington Place, Los Angeles CA, 90066

Price per sqft$535.10
Built in1950
Property size2,336 sqft
Property typeResidential

Overview

Active

Listed Jun 17, 2026

Updated Aug 26

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.

$8,316/mo

Est. mortgage payment based on a $1,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26848573

Interior Features

Bedrooms
4
Bathrooms
3
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Garage
Yes
55+/Senior Community
No

Also listed on BEAR, CRMLS and CLAW

Listed by Vince Peagler III, Pardee Properties, CA DRE 02207540

Listing Contact: 310-775-1077 

Based on information from the CRISNet MLS as of 8/26/2026, 3:14 AM UTC. 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. The 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.

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