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 market and the 5+ unit commercial pool.Capital Work Complete: Both buildings received new roofs in 2025 at $50,740 plus a full exterior repaint, $68,740 total per seller-signed 2025 operating statements.Priced Against the Anchor Sale: At $454 per square foot the offering prices directly against 12510 Washington Pl, same street two blocks away, which closed March 2026 at $459 per square foot.
Property Details
Price:
$3,196,000
MLS #:
26868503
Status:
Active
Beds:
16
Baths:
8
Type:
Single Family
Neighborhood:
c28culvercity
Listed Date:
Aug 5, 2026
Finished Sq Ft:
7,038
Total Sq Ft:
7,038
Lot Size:
12,478 sqft / 0.29 acres (approx)
Year Built:
1950
See this Listing
Schools
Interior
Levels
U
Exterior
Financial
Map
Community
- Address12314 Washington PL Culver City CA
- CityCulver City
- CountyLos Angeles
- Zip Code90066
Subdivisions in Culver City
Market Summary
Current real estate data for Single Family in Culver City as of Aug 07, 2026
114
Single Family Listed
63
Avg DOM
493
Avg $ / SqFt
$1,112,450
Avg List Price
Property Summary
- 12314 Washington PL Culver City CA is a Single Family for sale in Culver City, CA, 90066. It is listed for $3,196,000 and features 16 beds, 8 baths, and has approximately 7,038 square feet of living space, and was originally constructed in 1950. The current price per square foot is $454. The average price per square foot for Single Family listings in Culver City is $493. The average listing price for Single Family in Culver City is $1,112,450.
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