Residential Income - 12320 12314 Washington Place, Culver City, CA

$2,996,000

12320 12314 Washington Place, Culver City, CA

12320 12314 Washington Place, Culver City, CA 90066 - $2,996,000 · Multi-Family Home for Sale, photo 3

12320 12314 Washington Place, Culver City, CA 90066 - $2,996,000 · Multi-Family Home for Sale, photo 4

12320 12314 Washington Place, Culver City, CA 90066 - $2,996,000 · Multi-Family Home for Sale, photo 5

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Description

Major $200,000 Price Reduction - Rare Opportunity! Two (2) Quad-plex buildings situated on adjacent contiguous parcels provide an incredible 8-unit cash-flowing Income property within the prime Mar Vista community, a highly desirable & convenient Culver City location. (2) APN's allow for Investors to apply for more favorable Residential 1-4 Financing as supposed to Commercial Financing rates. One of the units delivered vacant has been newly renovated ,allowing immediate owner occupancy or market Rents. Each of the (8) multi-family units are 2 Bedroom / 1 Bath floor plans. New Roof and Exterior Painting recently completed in 2025 with improved curb appeal, providing peace-of-mind and less maintenance expenses in the near future. Gated Garage Parking spaces are producing additional $1,400 monthly income ($16,800 annually). Approved Plans are in place for (2) additional ADUs, each approximately 870 SF, offering additional value-add potential. Very competitively priced with strong rental income and long-term upside!Two properties also consider selling in separately.

Property details

Year built

1950

Property type

Residential Income

Lot size

12,478 sqft

Location

12320 12314 Washington Place • Culver City, CA 90066

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Listed by

Chao Zhang · Coldwell Banker Dynasty Arc.

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Closed sales reported in 90066, nearest first, last 12 months. All recent sales in Culver City →