12320 Washington Place, Culver City, CA 90066
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
12320 Washington Place,Culver City, CA 90066
$1,598,000
- 8 Beds
- 4 Baths
- 3,550 sq. ft.
- Multi-family
- Active
Listed by: vangelis korasidis, filip niculete
Office: coldwell banker realty310-777-6200
MLS#:26868957
Source:CRMLS
Price summary
- Price:$1,598,000
- Price per sq. ft.:$450.14
About this home
Exceptional investment and owner-user opportunity in one of Culver City's most desirable rental markets. This well-maintained mid-century modern - influenced multi-family architecture - four-unit property features an attractive unit mix of four spacious 2-bedroom, 1-bath residences totaling approximately 3,550 square feet on a 6,348 square foot lot. One unit is renovated with new windows and flooring and is currently vacant, offering immediate owner-occupancy or the ability to lease at market rent for increased cash flow. The 3 of the 4 garages add $1,400 per month of parking income. The property presents significant upside with approved plans for two additional ADUs (buyer to verify), providing the potential to expand from four to six units and substantially increase long-term income. Recent ownership has invested considerable time navigating the entitlement process, allowing a new owner to capitalize on future development potential with much of the groundwork already completed. Additional features include four on-site parking garages, recent capital improvements, and a prime Westside location just minutes from Marina del Rey, Playa Vista, Venice, major employment hubs, shopping, dining, and convenient freeway access. Brand new roof and fresh exterior paint. Whether you're an investor seeking value-add potential or an owner-user looking to offset housing costs with rental income, this property offers an outstanding combination of current cash flow, future upside, and an unbeatable location. Buyer to independently verify all rents, expenses, zoning, ADU approvals, permits, development potential, and all property information. * This property can be purchased individually or assembled with the adjacent property at 12314 Washington Pl that is currently on the market for $1,398,000. Contact agent for details. * Property is being sold in "as is" condition....
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Home facts
- Year built:1950
- Listing ID #:26868957
- Added:49 day(s) ago
- Updated:September 24, 2026 at 11:07 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Kitchen Description:Disposal, Refrigerator
- Living area:3,550 sq. ft.
Structure and exterior
- Year built:1950
- Building area:3,550 sq. ft.
- Lot area:0.15 Acres
- Architectural Style:Mid Century Modern
- Levels:2 Story
Finances and disclosures
- Price:$1,598,000
- Price per sq. ft.:$450.14
Features and amenities
- Appliances:Disposal
Parking
- Total parking spaces:4
- Garage:Yes
- Garage spaces:4
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