12314 Washington Place, 8, Culver City, CA 90066

$4,196,000
Property Type: Commercial Baths: 8 Square Footage: 7,038 Lot Size (sq. ft.): 12,476 Status: Active
Current Price: $4,196,000 List Date: 12/15/2025 Last Modified: 12/15/2025

Description

Investor / Developer Opportunity — Prime Westside Fourplex Portfolio Rare offering! Side-by-side R4-zoned four-unit buildings(total 8 units) located at 12314 and 12320 Washington Place, just minutes from the Pacific Ocean and some of Southern California's most renowned beach communities. This two-fourplex portfolio—sold together—features eight spacious 2-bedroom / 1-bath units (approx. 875 sq. ft. each), generating immediate income with strong value-add potential. Major improvements completed in 2025 include a brand-new roof and new exterior paint, boosting curb appeal and reducing upcoming maintenance costs. The City has approved plans for two additional 2-bedroom / 2-bath ADUs, presenting a compelling opportunity to increase density, expand rental income, and enhance long-term returns (buyer to verify). A shared, gated central courtyard—anchored by a mature lemon tree—adds charm, shade, and a welcoming community atmosphere that appeals to residents and strengthens overall desirability. Ideally located adjacent to trendy Culver City and perfectly positioned between Santa Monica and Los Angeles, this prime Westside setting offers unmatched access to LAX, Downtown, Silicon Beach, major freeways, entertainment studios, and top tech hubs. The neighborhood blends small-town character with the convenience of nearby urban amenities. Whether you're seeking consistent cash flow or envisioning a development-forward strategy to unlock the site's full R4 potential, this is a rare opportunity to acquire a contiguous two-fourplex portfolio in a high-demand rental corridor. Assumable financing may be available. Don't miss this exceptional opportunity!

Supplements: ********

More Information MLS# 225005938

Listing, Location and Property Info

List Price/SqFt: 596.19 Zip + 4: 4966

Listing Info

# of Units: 8 Rent Max: 0 Total Monthly Rent: 18187 Year Established: 1

Property Info

Baths - 3/4: 0 Baths - 1/2: 0 Stories Total: 2 Total Baths: 8 Full Baths: 8

Land Lease Type

Fee Simple: 1

Special Conditions

Standard: Y

Terms

Assumable: 1 Cash to New Loan: 1

Business/Building Information

# of Buildings: 2 Gross Schedule Rents: $18,187

Heating

Floor Furnace: Y

Listing Location and Property Info

Status: Active Listing Date: 2025-12-15 Current Price: $4,196,000 List Price: $4,196,000 Property Sub-Type: Sale Street #: 12314 Street Name: Washington Street Suffix: Place UnitNumber: 8 County: Los Angeles State: CA Zip Code: 90066 APN: 4232006010 Area: C28 - Culver City Country: US

General Property Information

Approx SqFt: 7038 Lot Acres: 0.29 Lot Size Square Feet: 12476 Year Built: 1950

Property Features

Land Lease Type: Fee Simple Terms: Assumable; Cash to New Loan
Listing Office: Coldwell Banker Realty
Listing Agent: Judi Lewis | judi@judilewis.com
Agent Email: judi@judilewis.com
Last Updated: December - 15 - 2025
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.