12320 Washington Pl PL Culver City, CA 90066

Active

$2,288,000

4 Units

8 Beds

4 Baths

3,550 Area(sq.ft.)

6,346 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	2	1	No	$ 1,930	$ 1,930	$ 3,100
Unit 2	1	2	1	No	$ 3,100	$ 3,100	$ 3,100
Unit 3	1	2	1	No	$ 2,101	$ 2,101	$ 3,100
Unit 4	1	2	1	No	$ 1,988	$ 1,988	$ 3,100
4	4	8	4		$ 9,119	$ 9,119	$ 12,400

MLS #:	SB24208238MR
Days On Market:	36
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 645
Price per unit:	$ 572,000
Year Built:	1950

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

We are pleased to present the opportunity to acquire 12320 Washington Place. This building is located within the border of Culver City adjacent to Marina Del Rey, Venice, Mar Vista, and Playa Vista. It benefits from proximity to major employment centers, transportation hubs, restaurants, and recreational amenities. This building can be purchased together with 12314 Washington Place. Both two story buildings consist of all two-bed, one-bath unit with a shared courtyard space. There is a four-car garage behind each building. The Seller has RTI plans to build one (1) two bed-two bath 900 SF ADU on each parcel above the garages. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities. 12320 Washington Place is a prime investment opportunity with tons of upside and a great purchase for an owner-user. If bought together, both buildings will operate north of 6% caps once stabilized with ADUs. Steps away from major establishments including Erewhon, Culver Steps, Apple, Sony Picture Studios, Washington Place offers any investor or owner-user an exciting opportunity to own in one of Los Angeles desirable neighborhoods.