$1,250,000

Residential Income In Los Angeles

  • 4 Beds
  • 3 Baths
  • 2,336 Sqft
  • 5,006 Sqft lot
  • Updated: June 18
  • Source:
    The MLS (CLAW)  MLS#26848573

About the Property

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 offe
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.
  • Property type

    Other

  • Floors

    1

  • Year built

    1950

  • Price/sqft

    $535

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12029 Washington Place, Los Angeles, California, United States View on Google Maps
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Pardee Properties - Venice

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Pardee Properties - Venice
California, United States
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49
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2025
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Pardee Properties - Venice
Venice, California, United States
View agency profile
Last updated
June 18
First listed
Jun 18
Listing reference
26848573
Listing status
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