12029 Washington Pl - Multi-Family FOR SALE


Los Angeles, CA 90066- Mar Vista
$1,250,000 USD
310-907-6517
12029 Washington Pl, Los Angeles, CA for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/18
null | 4.02% Cap Rate

12029 Washington Pl
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • Prime Mar Vista investment opportunity in a highly desirable Westside location
  • Fully occupied triplex with stable cash flow and immediate income
  • Ideal unit mix featuring one 2-bedroom unit and two 1-bedroom units

OVERVIEW

Prime Mar Vista investment opportunity featuring a fully occupied triplex with strong value-add potential. The property offers an ideal unit mix of one 2-bedroom unit and two 1-bedroom units, plus attached garage parking generating additional income. Current rents are approximately one-third below market, providing significant upside potential through future rent adjustments. Major improvements have been completed, including a brand-new main sewer line. Ideally located near Silicon Beach, Culver City, coastal beaches, and major freeways. Suitable for investors or owner-users seeking stable cash flow and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$535 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,667

CAP RATE

4.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,005 SF

ZONING

LAR3

APN/PARCEL ID

4235-029-008

ASK ABOUT THIS PROPERTY

Tami PardeePardee PropertiesMore Info
310-907-6517

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Tami PardeePardee PropertiesMore Info
310-907-6517

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.