12314 Washington Place, Los Angeles, CA 90066

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
12314 Washington Place,Los Angeles, CA 90066
$1,498,000
  • 8 Beds
  • - Baths
  • 3,488 sq. ft.
  • Multi-family
  • Active
Listed by: richard schulman
Office: kw westside estates
MLS#:CL26830901
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,498,000
  • Price per sq. ft.:$429.47

About this home

Rare opportunity to acquire a well-positioned 4-unit income property with significant upside potential in a highly sought-after rental market. What truly sets this asset apart is the extensive groundwork already completed for future expansion. After nearly two years navigating the city approval process, the current ownership has successfully secured entitlements and approvals for two additional ADUs, creating the potential for a 10-unit development opportunity. The Ready-to-Issue (RTI) permits are pending final issuance, allowing a new owner to step into a project where the most time-consuming and challenging phase has already been completed. The property has also undergone major recent capital improvements, offering immediate value and minimizing near-term maintenance costs. A brand-new roof was installed in 2025, and the entire exterior was freshly painted, enhancing curb appeal while providing a clean, updated appearance throughout the property. Adding even greater long-term...

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Home facts

  • Year built:1950
  • Listing ID #:CL26830901
  • Added:1 day(s) ago
  • Updated:May 12, 2026 at 05:57 PM

Rooms and interior

  • Bedrooms:8
  • Living area:3,488 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1950
  • Building area:3,488 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$1,498,000
  • Price per sq. ft.:$429.47

Parking

  • Parking description:Assigned
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at May 12, 2026

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