12029 Washington PL, Los Angeles, CA 90066
12029 Washington PL, Los Angeles, CA 90066
12029 Washington PL, Los Angeles, CA 90066
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,250,000
Est. payment /mo
4 Beds
3 Baths
2,336 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,336 sqft

Price per Sqft $535

MLS Listing ID 26848573

Bedrooms 4

HOA Y/N No

Year Built 1950

Lot Size 5,005 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Solar

Cooling None

Fireplace No

Appliance Dishwasher

Exterior

Parking Features Assigned

Garage Spaces 3.0

Garage Description 3.0

Total Parking Spaces 3

Building

Faces South

Entry Level One,Multi/Split

Architectural Style Traditional

Level or Stories One, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4235029008

Special Listing Condition Standard

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Listed by Vince Peagler III Pardee Properties #02207540

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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