$1,850,000

Estimated payment $10,557/month

Total Views 1,751
4 Beds
2 Baths
2,057 Sq Ft
$899 Price per Sq Ft

Highlights

  • No HOA
  • Den with Fireplace
  • Living Room
  • Venice High School Rated A
  • Walk-In Closet
  • Park

About This Home

Fantastic Duplex Opportunity in Prime Marina del Rey Area! Welcome to 12961 Panama Street—an exceptional 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

Ashley Camp

Douglas Elliman of California Inc. Brokerage Phone: 818-921-7738 License #02095654 Listed on: 06/27/2025

Douglas Elliman of California Inc.

Co-Listing Agent

Jamie Camp

Douglas Elliman of California Inc. Brokerage Phone: 818-921-7738 License #01923825

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,838

Year Built

  • Built in 1955

Lot Details

  • 5,630 Sq Ft Lot
  • Density is 2-5 Units/Acre
  • Property is zoned LAR1

Parking

  • 2 Car Garage

Interior Spaces

  • 2,057 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Den with Fireplace

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 12 / R
  • Tax Tract Number 2
  • Assessor Parcel Number 4223007012
  • $443 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,838

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4223007012
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2057.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Den
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 899.37
  • Room Type: Den, Kitchen, Living Room, Walk-In Closet

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Culver City Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5630.00
  • Lot Size Acres: 0.1292

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5630.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: R
  • Tax Census Tract: 2753.13
  • Tax Lot: 12
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 443.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
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
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

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25141010

California Regional Multiple Listing Service (CRMLS)

APN: 4223-007-012