$1,799,999

12961 Panama Street, Los Angeles, CA 90066

2,400 sqft

Duplex
Built in 1955
5,628sqft lot
2 car garage
$750/sqft
Listed 4 months ago

Property Description

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.

Listing Status:: Active
Date Added:: June 27, 2025 at 05:00AM
Listing Office:: Douglas Elliman of California Inc. : 310-975-3870
Listing Agent:: Ashley Camp : 310-975-3870
MLS ID:: SR25139337

General: Walk-In Closet(s)
Appliances: Gas OvenTankless Water HeaterDryerWasher
Laundry: Stacked
Fireplace: DenFireplace
Disability Feature: Parking

Pool: None
Parking: Parking spaces: 2

General: 0

HOA Amenities: 0.0
Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: LAR14223007012

Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM

This listing courtesy of Ashley Camp, Douglas Elliman of California Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Short Avenue Elementary

12814 Maxella Ave, Los Angeles, CA, 90066

Grades KG-6

0.54 miles away

Marina Del Rey School

12500 Braddock Dr, Los Angeles, CA, 90066

Grades 6-8

0.58 miles away

Phoenix Continuation

12971 Zanja St, Los Angeles, CA, 90066

Grades 9-12

1.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.