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12320 Washington Place

Culver City, CA 90066
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Bed 8

Bed

Bath 0

Bath

SqFt3,550

Sqft

SqFt6,348

Sqft(Lot)

12320 Washington Pl | Vacant Unit / Owner-User Opportunity | 4-Unit Multifamily in Culver City. Built in 1950 on a 6,348 SF lot with 3,550 SF of improvements, this well-located Westside fourplex features an all 2-bed/1-bath unit mix averaging approximately 887 SF with 4 on-site parking spaces. Current rent roll: Unit A: 2+1 at $2,058/mo; Unit B: 2+1 vacant and modeled at $3,200/mo market rent; Unit C: 2+1 at $2,239/mo; Unit D: 2+1 at $2,120/mo. Total current residential scheduled rent is $9,617/mo, plus $1,400/mo in parking income, bringing total current scheduled income to $11,017/mo. Stabilized pro forma residential scheduled rent is projected at $12,800/mo, with total pro forma income including parking projected at approximately $13,858/mo. Offered at $1,698,000, the property is priced at $424,500/unit and $478/SF with a 6.02% current cap rate and 8.23% pro forma cap rate. Current NOI is projected at $102,192 with pro forma NOI projected at $139,746. The vacant unit provides an immediate owner-user or lease-up opportunity with no buyout required for that unit. The property also received a brand-new roof and complete exterior repaint in 2025. Also available as part of a paired acquisition with adjacent 12314 Washington Pl. Unified ownership may unlock approved ADU plans and additional long-term upside. Buyer to verify all rents, expenses, parking income, market rent assumptions, ADU approvals, zoning, and development potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,698,000

AD Id : 81481598

MLS Id : 26845017

Beds : 8

Lot Size : 6,348 Sqft

Living Area Size : 3,550

Year Built : 1950

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Total Baths: 4 Full Baths: 0 Half Baths: 0
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1950 Building Area Total: 3,550

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1457
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6348

  • Listing Price Information

    Original List Price: 1,698,000 Listing Contract Date: 2026-06-08
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 4232006020

  • Garage and Parking

    Garage Description: Driveway

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C28 - Culver City Directions: Along Washington Pl near East Blvd Zoning: RMD Source Property Type: Residential Income Area: C28 - Culver City
  • Building and Construction

    Property Age: 76 Year Built Source: Vendor Enhanced Total Square Feet Living: 3550 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
12314 Washington Place, Culver City, CA, 90066 $1,498,000 8 -- 3,488 3,488 SqFt

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ByOwner last updated this listing 06/18/2026 @ 07:33

MLS: 26845017 LISTED BY: Taylor Avakian, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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