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Los Angeles, CA

$1,250,000

12029 Washington Place, Los Angeles, CA
4
Beds
3
Baths
2,336
Sq Ft
1950
Built
8
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
4
Bathrooms
0 full, 0 half
Living area
2,336 sq ft
Appliances
Dishwasher
Heating
Solar
Cooling
None
Levels
One, Multi Split
Exterior & lot
Lot size
0.115 acres (5,006 sq ft)
Architectural style
Traditional
Year built
1950
Parking
Assigned
Parking spaces
3
Community
Area
C 13 - Palms - Mar Vista
County
Los Angeles
Listing details
Status
Active
Property type
Residential Income
Days on market
8
Listed
2026-06-17
Parcel #
4235029008
MLS #
26848573
Listed by
Vince Peagler III · Pardee Properties

Location

Price history

Listed
$1,250,000 · 2026-06-17
Days on market
8
Current price
$1,250,000
Financing

Could this home be yours?

Estimated monthly payment
$7,842
$6,321 principal & interest · $1,521 taxes & insurance
$250,000
Estimate only
Loan $1,000,000

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

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Estimated value range nearby
$2,704,997$3,175,431

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Listing data provided by CRMLS

Listing courtesy of Pardee Properties. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 27, 2026 Equal Housing Opportunity.

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12029 Washington Place, Los Angeles, CA — $1,250,000 | Your Agent