12314 Washington PL, Culver City, CA 90066
12314 Washington PL, Culver City, CA 90066
12314 Washington PL, Culver City, CA 90066
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Jacqueline Case

Jacqueline Case

+1(562) 833-2523
$3,196,000
Est. payment /mo
16 Beds
8 Baths
7,038 SqFt
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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

Two adjacent 1950 fourplexes on side-by-side parcels in Culver City, offered together as a single 8-unit investment. All eight units are 2BD/1BA. Occupied units average $2,093 per month versus projected market rents of $3,100. Both buildings received new roofs in 2025 plus a full exterior repaint, and 12320 delivers one vacant unit at close plus $1,400 per month of garage parking income.48% Rental Upside: Occupied units average $2,093 per month versus projected market rents of $3,100. At those rents, the offering produces a 7.05% pro forma cap rate before any ADU contribution.Assumable Debt Below Market: An existing Chase loan of approximately $1,200,000 at 3.91% may be assumed by a qualified buyer, well below prevailing rates. Balance, terms, and assumability to be verified with the lender.Two Parcels, One Offering: Each fourplex sits on its own legal parcel and can be financed, insured, and exited independently, which opens the offering to both the 1 to 4 unit residential financing market and the 5+ unit commercial pool.Capital Work Complete: Both buildings received new roofs in 2025 at $50,740 plus a full exterior repaint, $68,740 total per seller-signed 2025 operating statements.Priced Against the Anchor Sale: At $454 per square foot the offering prices directly against 12510 Washington Pl, same street two blocks away, which closed March 2026 at $459 per square foot.

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

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Listed by Filip Niculete Marcus & Millichap #01905352

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Jacqueline Case

Jacqueline Case

+1(562) 833-2523

REALTOR® | License ID: 01329026

REALTOR® License ID: 01329026

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