USACALos Angeles12314 Washington Pl
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$3,196,000

For Sale

10 hours ago

12314 Washington Pl, Los Angeles, CA

House

MLS® 26868503

16 Bed

8 Bath

7038 sqft

0

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 7038 sqft
Garage 
Taxes 
Days Active 8
Lot Size 0.2865 Acres
Approx. Age 1950
Avg. Price Per Sqft $454
MLS® Number 26868503

Property Address: 12314 Washington Pl, Los Angeles, CA, 90066-5005

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number26868503
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
DrivewayNone
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 4, 2026List Date
$3,196,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jun 9, 2026List Date
$1,498,000List Price
-End Date
Not Sold YetSold Price

For Sale

May 11, 2026List Date
$1,398,000List Price
  • Commute

Commute

Starting Address
Destination Address
12314 Washington Pl, Los Angeles, CA

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