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12029 Washington Pl
Los Angeles, CA 90066
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Prime Mar Vista investment opportunity in a highly desirable Westside location
- Ideal unit mix featuring one 2-bedroom unit and two 1-bedroom units
- Fully occupied triplex with stable cash flow and immediate income
Executive Summary
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.
Property Facts
| Price Per Unit | $416,667 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,336 SF |
| Cap Rate | 4.02% | Average Occupancy | 100% |
| Gross Rent Multiplier | 20.4 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | LAR3 | ||
| Price Per Unit | $416,667 |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| Gross Rent Multiplier | 20.4 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.11 AC |
| Building Size | 2,336 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,400 | - |
| 2+1 | 1 | $3,000 | - |
Property Taxes
| Parcel Number | 4235-029-008 | Improvements Assessment | $142,171 |
| Land Assessment | $568,711 | Total Assessment | $710,882 |
Property Taxes
Parcel Number
4235-029-008
Land Assessment
$568,711
Improvements Assessment
$142,171
Total Assessment
$710,882
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