12314 Washington Place,Culver City, CA 90066
Culver City, CA 90066
Description
This well-maintained mid-century modern - influenced multi-family architecture - four-unit multifamily property in the highly desirable Culver City/Del Rey area, offering an outstanding value-add opportunity in one of the Westside's strongest rental markets. Built in 1950, the property features four spacious 2-bedroom, 1-bath units totaling approximately 3,488 square feet on a 6,130-square-foot lot. All four units are currently occupied and provide immediate cash flow, with significant upside through rental repositioning. Each unit averages approximately 872 square feet and is complemented by on-site parking for four vehicles. Recent capital improvements include a brand-new roof and fresh exterior paint completed in 2025, helping minimize near-term maintenance expenses. The property's attractive unit mix, desirable location, and strong rental demand create an exceptional opportunity for investors seeking stable income with long-term appreciation potential. Offered with approximately 55% projected rental upside based on market rents, this asset presents the opportunity to substantially increase future cash flow. The adjacent property at 12320 Washington Pl is also available, creating the potential for a larger assemblage with future development or ADU possibilities (buyer to verify). Conveniently located near Downtown Culver City, Playa Vista, Marina del Rey, Silicon Beach, major employers, shopping, dining, parks, and freeway access, this is a rare opportunity to acquire a quality multifamily asset in one of Los Angeles' most sought-after investment corridors. * This property can be purchased individually or assembled with the adjacent property at 12320 Washington Pl. Contact agent for details. *
Details
| MLS # | 26868953 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 29 |
| Listing Provided By | Coldwell Banker Realty | Vangelis Korasidis |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,488 |
| Garage | 4 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | CCR4YY |
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Appliances | Disposal, Refrigerator |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Culver City |
| Zip Code | 90066 |
| Area | C28 Culver City |
| Listing VS Median (in 90066) | |
Price: $1,448,000 low | high Med: $2,000,000 sqft: 3,488 low | high Med: 4,234 $ / sqft: $415 low | high Med: $472 On site: 29 low | high Med: 97 | |
Market Activity 90066
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Culver City |
| Zip Code | 90066 |
| Area | C28 Culver City |
| Listing VS Median (in 90066) | |
Price: $1,448,000 low | high Med: $2,000,000 sqft: 3,488 low | high Med: 4,234 $ / sqft: $415 low | high Med: $472 On site: 29 low | high Med: 97 | |
