12029 Washington Place, Los Angeles, CA 90066

• 4 beds
• 2,336 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.

Listing Status:

Active

Date Added:

June 17, 2026

Data Last Updated:

July 5, 2026 at 5:08AM

Listing Office:

Pardee Properties : 310-907-6517

Listing Agent:

Vince Peagler III : 310-775-1077

MLS ID:

CL26848573

Interior

• A/C: No Air Conditioning
• Heating: Solar

Exterior

• Parking: AssignedParking spaces: 3

Location

• County: Los Angeles

Lot

• Zoning: LAR34235029008