For Sale

Listed by Vince Peagler III and Tami Pardee from Pardee Properties

Source: Combined LA Westside Multiple Listing Service, Inc #26848573

12029 Washington Pl, Los Angeles, CA, 90066

$1,250,000

4
3
3
2336 sq. ft.
5006 sq. ft.

Other

What's around 12029 Washington Pl

About this property

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.

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