12132 Herbert, Los Angeles, California 90066, Los Angeles, 90066 - 3 bed, 2 bath
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Los Angeles, California 90066
This Traditional Mar Vista Residence is a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,380,433 Fair Market Value by 5%. This valuation gap offers $81,433 in Instant Equity for buyers. Maintaining a Condition Rating of 4, the property features a rare Dual Master Suite, significant ADU Potential, and parking for four vehicles. Located steps from the Mar Vista Farmers Market and top-rated Mar Vista Elementary, it perfectly balances lifestyle perks with investment upside. This is an ideal opportunity for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12132 Herbert Subject | $1,299,000* List Price | 3 | 2 | 1,456 | $937 | - |
A 3833 Coolidge Avenue Sold | $1,286,000 | 3 | 1 | 1,219 | $1,055 | 0.7 mi |
B 12939 Greene Avenue Sold | $1,415,000 | 3 | 2 | 1,544 | $916 | 0.9 mi |
C 4224 Lyceum Avenue Sold | $1,358,000 | 3 | 2 | 1,478 | $919 | 0.7 mi |
D 12437 Verdi Street Sold | $1,200,000 | 3 | 2 | 1,380 | $870 | 0.8 mi |
E 4101 Bledsoe Avenue Sold | $1,200,000 | 3 | 2 | 1,439 | $834 | 0.6 mi |
F 12516 Greene Avenue Sold | $1,300,000 | 3 | 2 | 1,248 | $1,042 | 0.6 mi |
G 12308 Mitchell Active | $1,550,000 List Price | 3 | 2 | 1,510 | $1,026 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1945, this home is well-maintained but largely reflects its original era or older renovations. The kitchen features dated tile countertops and older white appliances, while the bathrooms show functional but aged fixtures and tiling. The presence of wall heaters and window AC units indicates that major mechanical systems have not been modernized to central HVAC. While the property is clean and livable, it is positioned as a 'blank canvas' requiring cosmetic and system updates to meet modern standards.
Situated in a highly sought-after West Los Angeles neighborhood, the property offers exceptional lifestyle appeal with close proximity to the Mar Vista Farmers Market, local recreation centers, and the beaches of Venice and Marina Del Rey.
Currently positioned as the most competitively priced home in Mar Vista, this property offers significant equity potential and a clear path for value-add through the development of an Accessory Dwelling Unit (ADU).
The home features a rare dual master suite configuration and ample parking for four vehicles, providing a versatile foundation that is often difficult to find in homes of this vintage.
Built in 1945 and described as a 'blank canvas,' the property likely requires substantial cosmetic and potentially structural updates to meet the standards of modern luxury buyers in the area.
While the property has ADU potential, the 5,001-square-foot lot size means that adding a secondary unit would significantly reduce the remaining private outdoor yard space.
Nestled in one of West Los Angeles' most desirable neighborhoods, this charming Mar Vista home is a cherished landmark ready for new owners to create lasting memories. With its traditional architectural style, the property is a blank canvas for your personal touch. The Mar Vista area boasts rich amenities, including a vibrant Farmers Market just a short walk away. Outdoor enthusiasts can enjoy the Mar Vista Recreation Center and nearby parks, while a bike ride leads you to the beautiful shores of Marina Del Rey and Venice Beach. Homeowners benefit from a strong sense of community with friendly neighbors, enhancing the appeal of this area. The property also has excellent potential for an Accessory Dwelling Unit (ADU) for guests or rental opportunities, with parking for three cars in the driveway and one in the garage. Notable features include a dual master suite with direct bathroom access from both bedrooms and a kitchen cutout for easy passthrough service to the dining room, enhancing functionality for gatherings. Upgrades over the years blend character with modern comfort. Currently, this is the most competitively priced home in Mar Vista, offering an incredible opportunity to invest in one of Los Angeles' top neighborhoods. Don’t miss your chance to make this special house your new home! CHECK OUT THE WEBSITE www.12132herbertst.com and the matterport!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,456 | 1,821 | 32% |
| Lot Size | 5,001 | 5,699 | 26% |
| Price | $1.30M | $2.00M | 10% |
| Price per sq ft | $892 | $1.2K | 16% |
| Built year | 1945 | 1950 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 167 | 3% |
Mar 11, 2026
$1,299,000
Initial Listing