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12029 Washington Pl 3 Unit Apartment Building Offered at $1,770,600 CAD at a 4.02% Cap Rate Los Angeles, CA 90066
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,770,600 CAD | Apartment Style | Garden |
| Price Per Unit | $590,200 CAD | 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 |
| Zoning | LAR3 | ||
| Price | $1,770,600 CAD |
| Price Per Unit | $590,200 CAD |
| 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 | $3,400 CAD | - |
| 2+1 | 1 | $4,249 CAD | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4235-029-008 | Improvements Assessment | $201,913 CAD |
| Land Assessment | $807,689 CAD | Total Assessment | $1,009,602 CAD |
Property Taxes
Parcel Number
4235-029-008
Land Assessment
$807,689 CAD
Improvements Assessment
$201,913 CAD
Total Assessment
$1,009,602 CAD
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12029 Washington Pl
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