12029 Washington Place

Property Overview

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.

Home Details

Property type: Residential Income
Year built: 1950
Living area: 2,336 sq ft
Lot size: 5,006 sq ft
Parking: 3 spaces
Garage: 3 spaces
Days on market: 69
MLS status: Active
Architectural style: Traditional
Zoning: LAR3

Features & Amenities

Appliances

Dishwasher

Parking

Assigned

Community, Schools & Utilities

Utilities

Heating: Solar
Cooling: None

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Location & Neighborhood

Los Angeles, CA 90066

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Frequently Asked Questions About 12029 Washington Place

Property type: Residential Income

The current asking price is $1,250,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 12029 Washington Place. Our team will confirm availability and timing.

This 4 bedrooms and 3 bathrooms property offers approximately 2,336 square feet of living space. It was built in 1950. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 69 days. Status can change, so verify availability before relying on it.