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12961 Panama Street, Los Angeles, California 90066, Los Angeles, 90066 - bed, bath

12961 Panama Street, Los Angeles, California 90066 home-pic-0
ACTIVE$1,799,999
12961 Panama Street, Los Angeles, California 90066
0Bed
0Bath
2,400Sqft
5,630Lot
Year Built
1955
Close
-
List price
$1.8M
Original List price
$1.85M
Price/Sqft
$750
HOA
-
Days on market
-
Sold On
-
MLS number
SR25139337
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.80M(67th), sqft - 2400(67th), beds - undefined(50th), baths - undefined(50th).

Re-Launch: Fantastic Duplex Opportunity in Prime Marina del Rey Area! Welcome to 12961 & 12963 Panama Street—an exceptional income property featuring two units, each offering approximately 1,200 square feet of living space with 2 bedrooms and 1 full bath. Both units include bedrooms with walk-in closets, adding excellent storage and livability. The front unit (12961) features a charming private yard and its own in-unit washer and dryer, while the rear unit (12963) offers a quaint patio connected to a detached 2-car garage, where the back unit’s washer and dryer are currently located. Driveway parking is available directly in front of both units for added convenience. This duplex presents a versatile opportunity for those seeking a strong income-producing property with excellent potential for long-term appreciation. Its desirable coastal location and flexible layout make it appealing for both investors and owner-users alike. The property also includes an energy-efficient tankless water heater and is ideally situated in a highly walkable neighborhood—just minutes from local parks, dining, entertainment, and the beautiful Pacific Ocean. Whether you’re looking to expand your portfolio, establish owner-occupancy, or maximize rental value, this duplex is a well-rounded investment in a prime Marina del Rey location. Please do not disturb current front unit tenant. See private remarks or Contact agents for current tenancy information.

Nearby schools

6/10
Short Avenue Elementary School
Public,•K-6•0.5mi
5/10
Braddock Drive Elementary School
Public,•K-5•1.1mi
8/10
Playa Del Rey Elementary School
Public,•K-5•1.2mi
6/10
Grand View Boulevard Elementary School
Public,•K-5•1.2mi
3/10
Stoner Avenue Elementary School
Public,•K-5•1.3mi
8/10
Coeur D'Alene Avenue Elementary School
Public,•K-5•1.4mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.5mi
6/10
La Ballona Elementary School
Public,•K-5•2.4mi
9/10
Farragut Elementary School
Public,•K-5•2.4mi
8/10
El Rincon Elementary School
Public,•K-5•2.4mi
2/10
Marina Del Rey Middle School
Public,•6-8•0.5mi
4/10
Mark Twain Middle School and World Languages Magnet
Public,•6-8•1.6mi
7/10
Culver City Middle School
Public,•6-8•2.3mi
6/10
Venice Senior High School
Public,•9-12•1.3mi
8/10
Culver City High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
10/02/25
Price Change
$1,799,999-2.7%
06/27/25
$1,850,000
Condition Rating
Fair
Built in 1955, the property's interior, especially the kitchen, is significantly outdated with older white appliances, dated cabinets, and countertops. While the exterior appears maintained and a tankless water heater is an update, the overall aesthetic and components like light fixtures and popcorn ceilings suggest a lack of extensive recent renovations. The property is functional and livable but requires substantial cosmetic updates to meet current market expectations.
Pros & Cons

Pros

Great Schools: Elementary School: Farragut Elementary School (9/10).
Prime Coastal Location: Situated in a highly desirable Marina del Rey area, offering excellent walkability to local parks, dining, entertainment, and the Pacific Ocean, ensuring strong tenant demand and long-term appreciation.
Strong Income-Producing Duplex: An exceptional income property with two distinct units, each offering 2 bedrooms and 1 bath, ideal for investors seeking a robust rental portfolio or owner-users looking for supplemental income.
Versatile Use & Layout: The flexible configuration appeals to both investors and owner-occupants, with each unit providing approximately 1,200 sq ft of living space and desirable features like walk-in closets.
Desirable Unit Amenities: Units boast attractive features such as a private yard for the front unit, a quaint patio and detached 2-car garage for the rear unit, and in-unit washer/dryer facilities, enhancing tenant appeal.
Modern Efficiency & Ample Parking: Equipped with an energy-efficient tankless water heater and offering convenient driveway parking for both units, in addition to the detached 2-car garage for the rear unit.

Cons

Age of Property & Potential for Deferred Maintenance: Built in 1955, the property's age suggests potential for older systems or components that may require future maintenance, repairs, or significant capital improvements not explicitly detailed.
Tenant Occupancy & Access Restrictions: The front unit is tenant-occupied, which may complicate property showings, inspections, and immediate owner-occupancy plans, potentially involving tenant relocation considerations and rent control regulations.
Limited Interior Condition Details: While some amenities are highlighted, the description lacks comprehensive details on the overall interior condition, finishes, or recent renovations beyond the tankless water heater, suggesting potential for varying levels of modernization across units.

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