12320 Washington Place, Culver City, CA 90066

$2,198,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 3,550 Lot Size (sq. ft.): 6,348 Status: Active
Current Price: $2,198,000 List Date: 12/13/2025 Last Modified: 12/13/2025

Description

Investor / Developer Opportunity — Prime Westside Fourplex Portfolio Rare offering! Side-by-side R4-zoned four-unit buildings located at 12314(see listing) 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# 225005922

Listing, Location and Property Info

Entry Date: 2025-12-12 List Price/SqFt: 619.15

General Property Information

Common Walls: Yes # Bedrooms: 8 Property Sub-Type: Quadruplex Baths - Full: 4 Baths - Total: 4 Approx SqFt: 3550 Lot Acres: 0.15 Lot SqFt: 6348 Year Built: 1950

Listing Info

Total # of Units in Complex: 4

Property Info

View: No Pool: No Spa: No Fireplace: No Dwelling Total Floors: 2 # of Buildings: 1

Land Lease Type

Fee Simple: 1

Special Conditions

Standard: 1

Terms

Assumable: 1 Cash: 1 Cash to New Loan: 1 Conventional: 1

Possession

Close of Escrow: 1

Disclosures

Other: 1

Units Information

Number of Units Leased: 3 Average SqFt 1 Bedroom: 875 Average SqFt 2 Bedroom: 875 Average SqFt 3 Bedroom: 875 # Separate Electric Meters: 4 # Separate Gas Meters: 4 # Separate Water Meters: 1

Laundry Locations

None: 1

Levels

Two: 1

Entry Location

Ground Level - No Steps: 1 Ground Level w/Steps: 1

Roofing

Composition Shingle: 1

Flooring

Other: 1

Cooling Type

None: 1

Sewer

Other: 1

Heating Fuel

Natural Gas: 1

Water Heater Feature

None: 1

Parking Spaces/Information

Total Garage Spaces: 4

HOA 1 Information

HOA: No

Unit 1 Information

Unit-1 # of Beds: 2 Unit-1 # of Baths: 1 Unit-1 Rent/Month: 1993 Unit-1 Monthly Rent: 1993

Unit 2 Furnished

Unfurnished: 1

Unit 3 Information

Unit-3 # of Beds: 2 Unit-3 # of Baths: 1 Unit-3 Rent/Month: 2669 Unit-3 Monthly Rent: 2669

Unit 3 Furnished

Unfinished: 1

Unit 4 Information

Unit-4 # of Beds: 2 Unit-4 # of Baths: 1 Unit-4 Rent/Month: 2553 Unit-4 Monthly Rent: 2553

Unit 4 Furnished

Unfurnished: 1

Listing Location and Property Info

Status: Active Entry Date: 2025-12-12 Listing Price: 2198000 Current Price: $2,198,000 Street #: 12320 Street Name: Washington Suffix: Place County: Los Angeles State/Province: CA Zip Code: 90066 APN/Tax ID: 4232006020 Area: C28 - Culver City Country: US

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Assumable; Cash; Cash to New Loan; Conventional Possession: Close of Escrow Disclosures: Other Levels: Two Entry Location: Ground Level - No Steps; Ground Level w/Steps Flooring: Other Cooling Type: None Heating Fuel: Natural Gas Laundry Locations: None Roofing: Composition Shingle Sewer: Other Water Heater Feature: None Unit 2 Furnished: Unfurnished Unit 3 Furnished: Unfinished Unit 4 Furnished: Unfurnished
Listing Office: Coldwell Banker Realty
Listing Agent: Judi Lewis | judi@judilewis.com
Agent Email: judi@judilewis.com
Last Updated: December - 13 - 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.