12320 Washington Place, Culver City, CA 90066

Culver City
Local realty services provided by:ERA Donahoe Realty
12320 Washington Place,Culver City, CA 90066
$1,698,000
  • 8 Beds
  • 4 Baths
  • 3,550 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian, freddie gershinson
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26845017
Source:CRMLS

Price summary

  • Price:$1,698,000
  • Price per sq. ft.:$478.31

About this home

12320 Washington Pl | Vacant Unit / Owner-User Opportunity | 4-Unit Multifamily in Culver City. Built in 1950 on a 6,348 SF lot with 3,550 SF of improvements, this well-located Westside fourplex features an all 2-bed/1-bath unit mix averaging approximately 887 SF with 4 on-site parking spaces. Current rent roll: Unit A: 2+1 at $2,058/mo; Unit B: 2+1 vacant and modeled at $3,200/mo market rent; Unit C: 2+1 at $2,239/mo; Unit D: 2+1 at $2,120/mo. Total current residential scheduled rent is $9,617/mo, plus $1,400/mo in parking income, bringing total current scheduled income to $11,017/mo. Stabilized pro forma residential scheduled rent is projected at $12,800/mo, with total pro forma income including parking projected at approximately $13,858/mo. Offered at $1,698,000, the property is priced at $424,500/unit and $478/SF with a 6.02% current cap rate and 8.23% pro forma cap rate. Current NOI is projected at $102,192 with pro forma NOI projected at $139,746. The vacant unit provides an...

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Home facts

  • Year built:1950
  • Listing ID #:26845017
  • Added:10 day(s) ago
  • Updated:June 19, 2026 at 10:54 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Living area:3,550 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1950
  • Building area:3,550 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,698,000
  • Price per sq. ft.:$478.31

Parking

  • Total parking spaces:4
  • Parking description:Driveway
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