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.
Key Features
- Built in 1950
- 0.11 acre lot
- 2 stories
- 3 parking spaces
Property Details
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.
Monthly Cost Estimate
$6,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
12029 Washington Pl
Los Angeles, CA 90066
Property Details
Parking
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 $6,686 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
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.
