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
Price:
$1,250,000
MLS #:
26848573
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Neighborhood:
c13palmsmarvista
Listed Date:
Jun 17, 2026
Finished Sq Ft:
2,336
Total Sq Ft:
2,336
Lot Size:
5,006 sqft / 0.11 acres (approx)
Year Built:
1950
See this Listing
Schools
Interior
Appliances
DW
Cooling
NO
Heating
SO
Levels
A, S
Exterior
Architectural Style
TRD
Attached Garage YN
1
Common Walls
_1CW
Direction Faces
S
Garage Spaces
3
Parking Spots
3
Parking Total
3
Financial
Map
Community
- Address12029 Washington PL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90066
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Jun 26, 2026
7,376
Single Family Listed
84
Avg DOM
438
Avg $ / SqFt
$1,669,107
Avg List Price
Property Summary
- 12029 Washington PL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90066. It is listed for $1,250,000 and features 4 beds, 3 baths, and has approximately 2,336 square feet of living space, and was originally constructed in 1950. The current price per square foot is $535. The average price per square foot for Single Family listings in Los Angeles is $438. The average listing price for Single Family in Los Angeles is $1,669,107.
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