12314 Washington Pl, Culver City, CA 90066
12314 Washington Pl, Culver City, CA 90066
12314 Washington Pl, Culver City, CA 90066
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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Travis Breton

Travis Breton

+1(760) 470-2752
$ 3,196,000
Est. payment | /mo

16 Beds

8 Baths

7,038 SqFt

Save
$ 3,196,000
Est. payment | /mo
Save

16 Beds

8 Baths

7,038 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,038 sqft

Price per Sqft $454

MLS Listing ID 26868503

Bedrooms 16

Year Built 1950

Lot Size 0.286 Acres

Acres 0.29

Property Sub-Type Multi-Family

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 Culver City

Zoning CCR4YY

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features None

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

Nearby Locations

Travis Breton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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12314 Washington Pl

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