Triplex with Attached
For Sale
$1,250,000
12029 Washington Pl, Los Angeles, CA 90066
Well-managed triplex with a 2-bedroom plus two 1-bedroom units and an attached garage for added income.
Property Size2,336 SF
Days on Market61
Property Features for 12029 Washington Pl
General Information
Standard status
Active
Size
2,336 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
2,336 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Pardee Properties
Listed By:
Vince Peagler III · License #02207540
Source:
Rochellemaize
Added: Jun 17
Changed: Aug 16
Last Checked: Aug 15 at 11:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pardee Properties
Investment Insights
Based on property information with market context.
This bright Mar Vista triplex features an ideal unit mix of one 2-bedroom home and two 1-bedroom units. An attached garage provides additional income, and the property is fully occupied and professionally managed. The frontage is framed by a charming white picket fence and mature palms, contributing to a welcoming curb presence. Major capital work has been addressed with the completion of a brand-new main sewer line in 2026.
Located just minutes from Silicon Beach, Culver City, coastal beaches, and the 405/10 freeways, the property is positioned for strong day-to-day renter demand. The surrounding Westside setting supports a residential income use case.
For investors, the current configuration offers immediate occupancy with an income-producing garage component, while the unit mix supports flexible leasing options across 1- and 2-bedroom households. The seller’s remarks state that current rents are approximately one-third below market and that optimization is possible upon turnover. The property is offered for sale and, according to the remarks, qualifies for standard 1-4 unit residential financing.
Located just minutes from Silicon Beach, Culver City, coastal beaches, and the 405/10 freeways, the property is positioned for strong day-to-day renter demand. The surrounding Westside setting supports a residential income use case.
For investors, the current configuration offers immediate occupancy with an income-producing garage component, while the unit mix supports flexible leasing options across 1- and 2-bedroom households. The seller’s remarks state that current rents are approximately one-third below market and that optimization is possible upon turnover. The property is offered for sale and, according to the remarks, qualifies for standard 1-4 unit residential financing.
Key Highlights
- Mar Vista triplex built in 1950, featuring 1 attached garage and a unit mix of one 2‑bedroom and two 1‑bedroom units
- Property is fully occupied and professionally managed, providing immediate, stable rental income
- Current rents are approximately one‑third below market, with projected 52% rental income increase upon unit turnover
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,521
Businesses Nearby
Explore this area
Business Placement
Demographics for 90066, CA
55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Well-managed triplex with a 2-bedroom plus two 1-bedroom units and an attached garage for added income.
Where is this triplex located?
The property is located at 12029 Washington Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Mar Vista triplex built in 1950, featuring 1 attached garage and a unit mix of one 2‑bedroom and two 1‑bedroom units; Property is fully occupied and professionally managed, providing immediate, stable rental income; Current rents are approximately one‑third below market, with projected 52% rental income increase upon unit turnover
