Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 4 BR |
| Bathrooms: | 3 |
| Area: | 5006 sq ft |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,250,000
Listing Courtesy of Pardee Properties
12029 Washington Pl 4BR Marina Del Rey La
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.
Neighborhood
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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.