12314 Washington Place, Culver City, CA 90066

Culver City
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
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, freddie gershinson
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 is a well-located 4-unit multifamily property in Culver City featuring an all 2-bed/1-bath unit mix. Built in 1950, the property sits on a 6,130 SF lot with 3,488 SF of improvements and 4 on-site parking spaces. Each unit averages approximately 872 SF. Current rent roll: Unit A: 2+1 at $2,058/mo; Unit B: 2+1 at $2,058/mo; Unit C: 2+1 at $2,058/mo; Unit D: 2+1 at $2,058/mo. Total current scheduled rent is $8,232/mo, with all four units currently occupied. Market rent is projected at $3,200/mo per unit, creating approximately 55% rent-to-market upside and a pro forma scheduled rent of $12,800/mo. Offered at $1,498,000, the property is priced at $374,500/unit and $429/SF with a 4.53% current cap rate and 8.08% pro forma cap rate. Current NOI is projected at $67,845 with pro forma NOI projected at $121,017. The property also received a brand-new roof and complete exterior repaint in 2025. Also available as part of a paired acquisition with adjacent 12320 Washington Pl....

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Home facts

  • Year built:1950
  • Listing ID #:26844891
  • Added:10 day(s) ago
  • Updated:June 19, 2026 at 10:54 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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