12314 Washington Place, Culver City, CA 90066

• 8 beds |
• 4 baths |
• 3,488 sqft

Property Description

12314 Washington Pl is a well-located 4-unit multifamily property in Culver City featuring an all 2-bed/1-bath unit mix. Built in 1950, the property sits on a 6,130 SF lot with 3,488 SF of improvements and 4 on-site parking spaces. Each unit averages approximately 872 SF. Current rent roll: Unit A: 2+1 at $2,058/mo; Unit B: 2+1 at $2,058/mo; Unit C: 2+1 at $2,058/mo; Unit D: 2+1 at $2,058/mo. Total current scheduled rent is $8,232/mo, with all four units currently occupied. Market rent is projected at $3,200/mo per unit, creating approximately 55% rent-to-market upside and a pro forma scheduled rent of $12,800/mo. Offered at $1,498,000, the property is priced at $374,500/unit and $429/SF with a 4.53% current cap rate and 8.08% pro forma cap rate. Current NOI is projected at $67,845 with pro forma NOI projected at $121,017. The property also received a brand-new roof and complete exterior repaint in 2025. Also available as part of a paired acquisition with adjacent 12320 Washington Pl. Unified ownership may unlock approved ADU plans and additional long-term upside. Buyer to verify all rents, expenses, market rent assumptions, ADU approvals, zoning, and development potential.

Listing Status:

Active

Date Added:

June 8, 2026

Data Last Updated:

June 13, 2026 at 7:18AM

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

Taylor Avakian : 916-996-4421

MLS ID:

26844891

Interior

• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: DrivewayParking spaces: 4

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: CCR4YY4232006010

Financial

• Source: CRMLS_CL