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.
Listed by Ashley Camp
·
License #02095654
·
Douglas Elliman of California Inc.
·
818-921-7738
Listed by Jamie Camp
·
License #01923825
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Douglas Elliman of California Inc.
Last updated November 09, 2025
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Source: CRMLS #SR25139337
Listing Facts
TypeMulti-family
NeighborhoodThe Venice del Rey
Days on Prevu145
Amenities
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
10/28/2025
Status changed to Active
$1,799,999
10/22/2025
Status changed to Removed from Feed
$1,799,999
10/01/2025
Status changed to Active
$1,799,999
10/01/2025
Price Decreased
$1,799,999
09/19/2025
Status changed to Temporarily Off Market
$1,850,000
09/18/2025
Status changed to Active
$1,850,000
09/17/2025
Status changed to Removed from Feed
$1,850,000
09/12/2025
Status changed to Active
$1,850,000
09/08/2025
Status changed to Removed from Feed
$1,850,000
09/07/2025
Status changed to Active
$1,850,000
09/05/2025
Status changed to Removed from Feed
$1,850,000
09/05/2025
Status changed to Active
$1,850,000
09/04/2025
Status changed to Removed from Feed
$1,850,000
08/28/2025
Status changed to Active
$1,850,000
08/27/2025
Status changed to Temporarily Off Market
$1,850,000
08/06/2025
Status changed to Active
$1,850,000
08/05/2025
Status changed to Temporarily Off Market
$1,850,000
06/27/2025
Listed by Douglas Elliman of California Inc.
$1,850,000
Property Details for 12961 Panama Street
Association
Amenities
Community Features: Biking, Curbs, Gutter(s), Park, Street Lights, Suburban, Sidewalks
Exterior
Construction
Number Of Units Total: 2
Property Attached: Yes
Year Built: 1955
Common Walls: 1 Common Wall
Measurements
Building Area Total: 2,400
Building Area Units: Square Feet
Lot Features: 2-5 Units/Acre
Lot Size Acres: 0.12
Lot Size Area: 5,630
Lot Size Source: Assessor
Lot Size Square Feet: 5,630
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $29,802.00
Operating Expense: $8,000.00
Taxes
Parcel Number: 4223007012
Interior
Features
Appliances: Gas Oven, Tankless Water Heater, Dryer, Washer
Fireplace Features: Den
Fireplace: Yes
Interior Features: Walk-In Closet(s)
Other
Features
Accessibility Features: Parking
Location
Tax Block: R
Tax Lot: 12
Parking
Parking
Garage Spaces: 2
Garage: Yes
Parking Total: 2
Utilities
Equipment
Laundry Features: Stacked
Sewer: Public Sewer
Water Source: Public
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.