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$1,250,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • 3 Car Garage
  • Updated 5 days ago
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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.

Full Property Details for 12029 Washington Pl

General

  • Price: $1,250,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26848573
  • Updated: 6/17/2026
  • Added to Site: 6 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: None

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Covered Spaces: 3
  • Garage Description: Assigned, Attached

Location

  • Area: Palms - Mar Vista
  • County: Los Angeles
  • Driving Directions: East of Grand View Blvd, South of Venice Blvd, West of Inglewood Blvd
  • Direction Faces: South

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Solar, Other

Structural Information

  • # Buildings: 1
  • Architectural Style: Traditional
  • Common Walls: Attached
  • Stories/Levels: 0
  • Square Feet: 2,336
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1950
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 3
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1149
  • Lot Size: 5006
  • Lot Size Source: Vendor Enhanced
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $535.1
  • Assessment Year: 1950

Disclosures and Reports

  • Disclosures/Reports: As Is, Rent Control
  • APN: 4235-029-008

Listed by Pardee Properties, Vince Peagler III and Pardee Properties, Tamra (Tami) Pardee

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Listing agents

— 12029 Washington Pl —

  • Vince Peagler III

    Pardee Properties

  • Tamra (Tami) Pardee

    Pardee Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 12029 Washington Pl

School District:Los Angeles Unified School District
NameGradesDistance
Grand View Boulevard Elementary School
3951 Grand View Boulevard, Los Angeles, CA 90066
K-50.2 mi
Marina Del Rey Middle School
12500 Braddock Drive, Los Angeles, CA 90066
6-81 mi
Venice Senior High School
13000 Venice Boulevard, Los Angeles, CA 90066
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12029 Washington Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/17/2026
Listed
$1,250,000
290.62%
MLS
12/28/1988
Sold
$320,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 12029 Washington Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,941
3%
$710,882
4%
2023
$8,654
5%
$683,279
2%
2022
$8,265
1%
$669,882
2%
2021
$8,155
-1%
$656,748
1%
2020
$8,235
4%
$650,015
2%
2019
$7,917
1%
$637,270
2%
2018
$7,850
2%
$624,775
2%
2017
$7,685
2%
$612,525
2%
2016
$7,500
1%
$600,515
2%
2015
$7,393
-1%
$591,495
2%
2014
$7,434
—
$579,909
—
2013
$7,429
—
$577,289
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Pardee Properties, Vince Peagler III and Pardee Properties, Tamra (Tami) Pardee

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12029 Washington Pl, Los Angeles, CA 90066 (MLS# 26848573) is a Multi-Family property with units containing 4 bedrooms and 0 full bathrooms. 12029 Washington Pl is currently listed for $1,250,000 and was received on June 17, 2026. Want to learn more about 12029 Washington Pl? Do you have questions about finding other Multi-Family real estate for sale in Mar Vista? You can browse all Mar Vista real estate or contact a Coldwell Banker agent to request more information.

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