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12314 Washington Place

Culver City, CA 90066
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Bed 16

Bed

Bath 8

Bath

SqFt7,038

Sqft

SqFt12,478

Sqft(Lot)

We are pleased to present the Washington Place Fourplexes, a pair of adjacent 1950 fourplexes on side-by-side parcels at 12314 & 12320 Washington Place. The offering totals 8 units, all 2BD/1BA of roughly 880 square feet each, comprising 7,038 square feet of improvements on 12,478 square feet of land with 8 parking spaces. Both parcels sit within the City of Culver City jurisdiction while carrying a Los Angeles 90066mailing address, offering 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 operating statements. Occupied units average $2,093 per month against the $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 lease-up, and the garages add $1,400 per month of parking income. The seller reports approved plans for two additional units, one above the garages at each building, that convey with the sale and would add over $1M of value upon completion (count and status to be verified by buyer with Culver City Building & Safety). Because each fourplex sits on its own legal parcel, the pairing can be financed, insured, and exited independently, widening the buyer pool to both the 1-4 unit residential financing market and the 5+ unit commercial pool. Financing flexibility is further enhanced by an existing Chase loan of approximately $1,200,000 at a 3.91% interest rate that may be assumed by a qualified buyer, well below today's prevailing rates (loan balance, terms, and assumability to be verified with the lender). At $3,096,000, the offering represents a 4.78% going-in cap rate and 13.47 GIM ($387,000 per unit and $440 per square foot), with a 7.32% pro forma cap rate at the seller's market rents, before any ADU contribution. The fourplexes are also priced individually, with 12314 offered at $1,448,000 and 12320 at $1,648,000, and the approved plans convey with each building.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,096,000

AD Id : 89085450

MLS Id : 26868503

Beds : 16

Lot Size : 12,478 Sqft

Living Area Size : 7,038

Year Built : 1950

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 16

    Bathroom Information

    Total Baths: 8

  • Building Information

    Year Built: 1950
    Building Area Total: 7038
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 12478 Lot Size Acres: 0.2865 Lot Size Source: Assessor Lot Size Square Feet: 12,478

  • Listing Price Information

    Listing Price: $3096000
    Original Price: $3196000

  • Tax Information

    Parcel Number: 4232006010

  • Location Information

    Direction: Intersection of Washington Pl & S Centinela Ave
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4216 Sawtelle Boulevard, Culver City, CA, 90066 $1,275,000 3 2 1,238 1,238 SqFt
4069 Sawtelle Boulevard, Culver City, CA, 90066 $1,980,000 5 3 2,171 2,171 SqFt
3818 Sawtelle, Culver City, CA, 90066 $5,490,000 -- -- 6,319 6,319 SqFt
4121 Bledsoe Avenue, Culver City, CA, 90066 $1,374,000 3 2 1,433 1,433 SqFt
4034 Coolidge Avenue, Culver City, CA, 90066 $4,875,000 5 5 4,155 4,155 SqFt
12314 Washington Place, Culver City, CA, 90066 $1,448,000 8 4 3,488 3,488 SqFt
12320 Washington Place, Culver City, CA, 90066 $1,648,000 8 4 3,550 3,550 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 03:12

MLS: 26868503 LISTED BY: Filip Niculete, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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