Listing provided courtesy of Vince Peagler III of Pardee Properties. Last updated 2026-06-20 08:11:18.000000. Listing information © 2026 CRMLS.
Asking Price: $1,250,000
12029 Washington, Los Angeles CA 90066
Community: C13 - Palms - Mar Vista
Status: Active
This property was built in 1950 and is priced at $1,250,000. Please see the additional details below.
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.






















