12314 Washington Pl , Culver City, CA 90066
$2,996,000
Est. Payment: $15,868.78/mo
4 Bed
2 Bath
7038 Sqft
Status: Active | Days on site: 47
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CLW-X75151 - CLW-C112897,CLW-C139610
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House Description

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 5.00% going-in cap rate and 13.47 GIM ($387,000 per unit and $440 per square foot), with a 7.55% pro forma cap rate at the seller's market rents, before any ADU contribution. The fourplexes are also priced individually, with 12314 Washington Pl offered at $1,398,000 and 12320 Washington Pl at $1,598,000, and the approved plans convey with each building. The property is being sold in "as is" condition.

Highlights

Listed by Filip Niculete , 8182122748 and Glen Scher , 818-212-2808 Marcus & Millichap , 818-212-2700. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.29

Year Built

1950

County

Los Angeles

Area

C28 - Culver City

Listing ID

26868503

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:0
Appliances:Refrigerator

Exterior Features

Lot:No Land Lease
Garage Capacity:8
Zoning:CCR4YY
Others:
  • Additional:2+ Total Units, Has ADU
Parking Features:Door-Single,Garage
Principal Interest
$15,869
Taxes
$1,910

Home Price

$2,996,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$599,200
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,868.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,868.78 $1,909.95 $0.00 $17,778.73
Yearly $190,425.36 $22,919.40 $0.00 $213,344.76
Total $5,712,760.94 $687,582.00 $0.00 $6,400,342.94

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Culver City, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T13:02:28.000Z

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