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4-Bedroom Residential Income - 12029 Washington Place, Los Angeles, CA

$1,250,000

12029 Washington Place, Los Angeles, CA

12029 Washington Place, Los Angeles, CA 90066 - $1,250,000 · 4 bd 3 ba Multi-Family Home for Sale, photo 1 12029 Washington Place, Los Angeles, CA 90066 - $1,250,000 · 4 bd 3 ba Multi-Family Home for Sale, photo 2 12029 Washington Place, Los Angeles, CA 90066 - $1,250,000 · 4 bd 3 ba Multi-Family Home for Sale, photo 3 12029 Washington Place, Los Angeles, CA 90066 - $1,250,000 · 4 bd 3 ba Multi-Family Home for Sale, photo 4 12029 Washington Place, Los Angeles, CA 90066 - $1,250,000 · 4 bd 3 ba Multi-Family Home for Sale, photo 5
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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.

Property details

Bedrooms
4
Bathrooms
3
Square feet
2,336
Year built
1950
Property type
Residential Income
Lot size
5,006 sqft

Location

12029 Washington Place • Los Angeles, CA 90066

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Listed by

Vince Peagler III · Pardee Properties

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Listing courtesy of Pardee Properties. Information deemed reliable but not guaranteed.

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Nalren Corp. · CA DRE #02423715