$1,698,000

12320 Washington Place, Culver City, CA 90066

8 beds |
4 baths |
3,550 sqft

Multi-Family Home
Built in 1950
6,347sqft lot
—— car garage
$478/sqft
Listed 5 days ago

Property Description

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.

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:: 26845017

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

Parking: DrivewayParking spaces: 4

General: 2

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: RMD4232006020

Source: CRMLS_CL

This listing courtesy of Taylor Avakian , Lyon Stahl Investment Real Estate, Inc.

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