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About This Home

This 4-bedroom, 3-bathroom residential multi family at 12029 Washington Pl in Los Angeles, CA is listed for $1,250,000 ($535 per sqft). Built in 1950, the home offers 2,336 sqft of living space on a 0.11 acres lot.

Agent 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.

Key Features

  • Built in 1950
  • 0.11 acre lot
  • 2 stories
  • 3 parking spaces

Property Details

2 stories
3 full
3 spaces
1950

Monthly Cost Estimate

$6,685/mo

20% down · 6.5% · 30 years

Principal$904
Interest$5,417
Insurance$365

Estimates only. Actual payments may vary.

Location

12029 Washington Pl

Los Angeles, CA 90066

Property Details

Parking

Assigned

Heating

Solar (Heating)

Questions & Answers

This 4-bedroom, 3-bathroom residential multi family at 12029 Washington Pl is listed at $1,250,000 ($535/sqft). The estimated monthly payment is $5,417 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 0.11 acre lot, 2 stories, 3 parking spaces.

This property is listed by Vince Peagler Iii and can be reached at 3107751077 or vince@pardeeproperties.com.

VI

Vince Peagler Iii

Agent at Pardee Properties

(310) 775-1077

Listed by Pardee Properties · View on Broker Site

MLS# 26848573· Source: listhub· Updated 1 days ago

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

12029 Washington Pl, Los Angeles, CA 90066

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