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
$3,196,000
  • 16 Beds
  • 8 Baths
  • 7,038 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26868503
Source:CRMLS

Price summary

  • Price:$3,196,000
  • Price per sq. ft.:$454.11

About this home

Two adjacent 1950 fourplexes on side-by-side parcels in Culver City, offered together as a single 8-unit investment. All eight units are 2BD/1BA. Occupied units average $2,093 per month versus projected market rents of $3,100. Both buildings received new roofs in 2025 plus a full exterior repaint, and 12320 delivers one vacant unit at close plus $1,400 per month of garage parking income.48% Rental Upside: Occupied units average $2,093 per month versus projected market rents of $3,100. At those rents, the offering produces a 7.05% pro forma cap rate before any ADU contribution.Assumable Debt Below Market: An existing Chase loan of approximately $1,200,000 at 3.91% may be assumed by a qualified buyer, well below prevailing rates. Balance, terms, and assumability to be verified with the lender.Two Parcels, One Offering: Each fourplex sits on its own legal parcel and can be financed, insured, and exited independently, which opens the offering to both the 1 to 4 unit residential financing...

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Home facts

  • Year built:1950
  • Listing ID #:26868503
  • Added:1 day(s) ago
  • Updated:August 06, 2026 at 12:33 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Living area:7,038 sq. ft.

Structure and exterior

  • Year built:1950
  • Building area:7,038 sq. ft.
  • Lot area:0.29 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,196,000
  • Price per sq. ft.:$454.11
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