7
See all 7 photos
$3,196,000
Est. payment /mo
16 Beds
8 Baths
7,038 SqFt
New
12314 Washington PL Culver City, CA 90066
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,038 sqft
Price per Sqft $454
MLS Listing ID 26868503
Bedrooms 16
HOA Y/N No
Year Built 1950
Lot Size 0.286 Acres
Property Description
12314 & 12320 Washington Place is a pair of adjacent 1950 fourplexes on side-by-side parcels - 8 total units, all 2BD/1BA of roughly 880 SF each, totaling 7,038 SF of improvements on 12,478 SF of land with 8 parking spaces. Both parcels sit in the City of Culver City jurisdiction while carrying a Los Angeles 90066 mailing address - Culver City schools and services with a Westside location. The heavy capital work is already done: both buildings received new roofs in 2025 ($50,740 spent) plus a full exterior repaint, per seller-signed 2025 P&Ls. Occupied units average $2,093/month against the seller's own $3,100 market estimate - roughly 48% upside on in-place rents. 12314 is fully occupied; 12320 delivers a vacant unit for an owner-user or immediate $3,100 lease-up, plus $1,400/month of parking income. The seller reports approved ADU plans that convey with a combined purchase of both buildings - a unified-ownership unlock on two contiguous parcels (count/status buyer to verify with Culver City Building & Safety). At $3,196,000, the pairing offers a 4.85% going-in cap with a 7.42% pro forma cap at the seller's market rents, before any ADU contribution.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4YY
Interior
Fireplace No
Exterior
Parking Features None
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4232006010
Special Listing Condition Standard
Listed by Filip Niculete Marcus & Millichap #01905352
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION