RealKey
‪(213) 433-7766‬

12961 Panama Street, Los Angeles, California 90066, Los Angeles, 90066 - 4 bed, 2 bath

12961 Panama Street, Los Angeles, California 90066 home-pic-0
ACTIVE$1,799,999
12961 Panama Street, Los Angeles, California 90066
4Beds
2Baths
2,057Sqft
5,630Lot
Year Built
1955
Close
-
List price
$1.8M
Original List price
$1.85M
Price/Sqft
$875
HOA
-
Days on market
-
Sold On
-
MLS number
SR25141010
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.80M(67th), sqft - 2057(67th), beds - 4(67th), baths - 2(67th).

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, this duplex shows signs of age with largely original or minimally updated interiors. While the exterior appears maintained and a tankless water heater is a modern upgrade, the visible interior features such as popcorn ceilings, older light fixtures, and the glimpse of a dated bathroom with pink/peach tiles suggest that major renovations have not occurred recently. The hardwood floors show wear consistent with their age. The property is functional and livable but requires significant cosmetic and functional updates, especially in the kitchen (not pictured but likely similar condition) and bathroom, to meet current quality and style standards.
Pros & Cons

Pros

Great Schools: Elementary School: Farragut Elementary School (9/10).
Income-Generating Duplex: This property is explicitly marketed as an exceptional income-producing duplex, offering two distinct units suitable for investors or owner-users seeking rental income.
Prime Coastal Location: Situated in the highly desirable Marina del Rey area, the property benefits from a coastal location, a highly walkable neighborhood, and proximity to parks, dining, entertainment, and the Pacific Ocean.
Individual Unit Amenities: Each unit offers 2 bedrooms, 1 bath, and walk-in closets. The front unit includes a private yard and in-unit laundry, while the rear unit features a patio and a detached 2-car garage with laundry facilities, enhancing tenant appeal.
Energy Efficiency: The inclusion of an energy-efficient tankless water heater is a modern upgrade that can lead to lower utility costs and increased tenant satisfaction.
Convenient Parking: Driveway parking is available directly in front of both units, providing essential and convenient off-street parking for residents.

Cons

Property Age: Built in 1955, the property is older, which may imply potential for outdated infrastructure, systems, or require more significant maintenance and renovation compared to newer constructions.
Lack of Views: The property description explicitly states 'View: None,' which can be a significant drawback in a desirable coastal area where views often command a premium and are sought after by buyers.
Tenant Occupancy & Access: The front unit is currently tenant-occupied, which can complicate showings, inspections, and may limit immediate owner-occupancy options or require navigating tenant rights and lease agreements post-purchase.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state