12314 Washington Place, Los Angeles, CA 90066

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
12314 Washington Place,Culver City, CA 90066
$1,498,000
  • 8 Beds
  • 4 Baths
  • 3,488 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26844891
Source:CRMLS

Price summary

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

About this home

12314 Washington Pl | 4-Unit Multifamily in Culver City. Built in 1950 on a 6,130 SF lot with 3,488 SF of improvements, this well-located Westside fourplex features an all 2-bed/1-bath unit mix averaging 872 SF with 4 on-site parking spaces. The property offers significant value-add upside with approximately 55% rent-to-market potential across all four units, driven by long-term below-market rents well below the demonstrated $3,200/month market and actionable through natural turnover or negotiated buyout. Offered at $1,498,000 ($374,500/unit | $429/SF) with a 4.23% in-place cap rate and 7.63% pro forma cap rate, supported by projected NOI growth from $63,344 to $114,323. The property received a brand-new roof and complete exterior repaint in 2025. Also available as part of a paired acquisition with the adjacent 12320 Washington Pl unified ownership unlocks approved ADU plans.

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Home facts

  • Year built:1950
  • Listing ID #:26844891
  • Added:1 day(s) ago
  • Updated:June 09, 2026 at 02:37 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Living area:3,488 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

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

  • Total parking spaces:4
  • Parking description:Driveway
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