12029 Washington, Los Angeles CA 90066 | $1,250,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 5006 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1950
  • MLS#: 26848573
  • Community: C13 - Palms - Mar Vista

Listing provided courtesy of Vince Peagler III of Pardee Properties. Last updated 2026-06-29 08:11:37.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.11 Acres

David Piper

Call or Text: 858-525-5007

DRE# 02021985