12961 Panama St Los Angeles, CA 90066
Del Rey NeighborhoodEstimated payment $10,401/month
Total Views
2,540
4
Beds
2
Baths
2,400
Sq Ft
$771
Price per Sq Ft
Highlights
- No HOA
- Walk-In Closet
- Laundry Room
- Venice High School Rated A
- Park
- Tankless Water Heater
About This Home
Fantastic Duplex Opportunity in Prime Marina del Rey Area!
Welcome to 12961 Panama Street—an exceptional income property featuring two spacious units, each offering approximately 1,200 square feet of living space with 2 bedrooms and 1 full bath. The front unit includes a charming private yard, while the rear unit offers a covered patio and a detached 2-car garage. Driveway parking is available directly in front of both units for added convenience.
Both units are currently leased, making this a turnkey investment opportunity. Each unit is equipped with its own washer and dryer, as well as energy-efficient tankless water heaters. Located in a highly walkable neighborhood, you're just minutes from local parks, dining, entertainment, and the beautiful Pacific Ocean. Whether you're looking to expand your portfolio or explore owner-occupancy in the future, this duplex offers strong income potential in a prime coastal location.
Listing Agent
Douglas Elliman of California Inc. Brokerage Phone: 818-921-7738 License #02095654 Listed on: 06/27/2025
Co-Listing Agent
Douglas Elliman of California Inc. Brokerage Phone: 818-921-7738 License #01923825
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,838
Year Built
- Built in 1955
Lot Details
- 5,630 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,400 Sq Ft Home
- Den with Fireplace
- Gas Oven
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 2 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- Accessible Parking
- Suburban Location
- Tankless Water Heater
Listing and Financial Details
- Legal Lot and Block 12 / R
- Tax Tract Number 2
- Assessor Parcel Number 4223007012
- $443 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Recreation
- Park
- Bike Trail
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $667
- Insurance Expense $1,587
- Water Sewer Expense $1,891
- Operating Expense $4,145
- Gross Income $29,802
- Net Operating Income $64,320
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,838 | $288,629 | $151,868 | $136,761 |
| 2024 | $3,838 | $282,971 | $148,891 | $134,080 |
| 2023 | $3,770 | $277,423 | $145,972 | $131,451 |
| 2022 | $3,603 | $271,984 | $143,110 | $128,874 |
| 2021 | $3,544 | $266,652 | $140,304 | $126,348 |
| 2019 | $3,335 | $258,745 | $136,144 | $122,601 |
| 2018 | $3,240 | $253,673 | $133,475 | $120,198 |
| 2016 | $3,081 | $243,825 | $128,293 | $115,532 |
| 2015 | $3,038 | $240,163 | $126,366 | $113,797 |
| 2014 | $3,063 | $235,459 | $123,891 | $111,568 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $1,850,000 | 0.0% | $771 / Sq Ft |
| 08/05/2025 08/05/25 | Off Market | $1,850,000 | -- | -- |
| 06/27/2025 06/27/25 | For Sale | $1,850,000 | -- | $771 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25139337
APN: 4223-007-012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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