$ 1,698,000
-
$1,698,000
Price -
8
Bed -
4
Bath -
3,550
SqFt
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About the Listing X82195 - C138326,MRM-SBGERSFRE
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 immediate owner-user or lease-up opportunity with no buyout required for that unit. The property also received a brand-new roof and complete exterior repaint in 2025. Also available as part of a paired acquisition with adjacent 12314 Washington Pl. Unified ownership may unlock approved ADU plans and additional long-term upside. Buyer to verify all rents, expenses, parking income, market rent assumptions, ADU approvals, zoning, and development potential.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
26845017
Year Built
1950
Total Square Footage
3,550
Lot/Acreage
0.15
County
Los Angeles
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Wall/Window
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: RMD
- Roof:
- Others:
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
12320 Washington Pl Culver City, CA 90066
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