12029 Washington Pl, Los Angeles, CA, 90066
About This Home
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.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1950
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating & Cooling
- Heating features: Solar,Other
- Cooling features: None
Interior Area
- Total structure area: 2,336
- Total interior livable area: 2,336 sqft
Property
Details
- Parcel number: 4235029008
- Zoning: LAR3
- Special condition: Standard
Features
- Levels: Multi/Split,One
Lot
- Lot size: 5,005 sqft
Parking
- Total spaces: 3
- Parking features: Assigned,Attached
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,320 | $75,840 |
| Home Insurance * | $107 | $1,284 |
| Property Taxes | $1,307 | $15,684 |
| Electricity | $500 | $6,011 |
| Total | $8,234 | $98,808 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-17 | Listed for sale | $1,250,000 |
| 2021-08-20 | Listing removed | -- |
| 2021-08-18 | Listed for sale | $1,350,000 |
| 2020-11-01 | Listing removed | $1,590,000 |
| 2020-07-30 | Listed for sale | $1,590,000 |
| 2019-05-28 | Listing removed | $1,300,000 |
| 2019-01-26 | Price change | $1,300,000 |
| 2018-12-28 | Price change | $1,400,000 |
| 2018-10-05 | Price change | $1,480,000 |
| 2018-09-28 | Listed for sale | $1,560,000 |
| 2016-03-09 | Listing removed | $1,100,000 |
| 2015-06-08 | Listed for sale | $1,100,000 |
| 2003-10-20 | Sold | $500,000 |
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