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  • 12029 Washington Place

12029 Washington Place, Los Angeles, CA 90066

$1,250,000 Approx. USD 4 beds, 3 baths
2,336 sqft

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Photo of Jimmy Rashid

Jimmy Rashid REALTOR® - Sales Associate 424-209-9129 m
818-223-9100 o
Lic#: 02130355
NRDS ID: 175534418
Jimmy@JimmyRashid.com Text Me
Call My Cell
Call My Office
Lic#: 02130355
NRDS ID: 175534418
Jimmy@JimmyRashid.com Calabasas Office
23925 Park Sorrento
Calabasas, CA 91302
Phone: 818-223-9100
Fax: 818-876-3100
 Calabasas 23925 Park Sorrento
Calabasas, CA 91302
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Fax: 818-876-3100
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Listing Agent


Vince Peagler III | vince@pardeeproperties.com
Lic#: 02207540
Broker: Courtesy of Pardee Properties
Phone: 310-775-1077

Co Listing Agent


Tamra (Tami) Pardee | listingagents@pardeeproperties.com
Lic#: 01421451
Broker: Courtesy of Pardee Properties
Phone: 310-907-6517

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26848573
Price: $1,250,000
Beds: 4
Baths: 3
Built in 1950
2,336 sqft
1 story
0.11 acres
Lot size: 0.1149
County: Los Angeles
Property style: Traditional
Zoning: LAR3
Appliances: Dishwasher
Parking description: Assigned
Heating/cooling: None
Heating description: Solar
MLS area: C13 - Palms - Mar Vista

Last Updated: 6/17/2026

 Days On Market (DOM): 5

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This listing belongs to the C13 - Palms - Mar Vista MLS area

The style of this listing is Traditional.
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Lat/Long: 34.001619, -118.426588.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Jimmy Rashid

Jimmy Rashid REALTOR® - Sales Associate 424-209-9129 m
818-223-9100 o
Lic#: 02130355
NRDS ID: 175534418
Jimmy@JimmyRashid.com Text Me
Call My Cell
Call My Office
Lic#: 02130355
NRDS ID: 175534418
Jimmy@JimmyRashid.com
Calabasas Office
23925 Park Sorrento
Calabasas, CA 91302
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