Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
12314 & 12320 Washington Pl, Culver City, CA 90066
Two Adjacent Culver City Fourplexes, 8 Units
Exclusively listed by the LAAA Team at Marcus & Millichap
- Listing Price
- $3,196,000
- Cap Rate
- 4.59%
- Units
- 8
- GIM
- 13.91
- Price / Unit
- $399,500
- Price / SF
- $454.00
- Gross SF
- 7,038 SF
- Year Built
- 1950
Offering
The Offering
Two adjacent 1950 fourplexes on side-by-side parcels, offered together as a single 8-unit investment. All eight units are 2BD/1BA. Occupied units average $2,093 per month against the seller's $3,100 market estimate, roughly 48% upside on in-place rents. Both buildings received new roofs in 2025 plus a full exterior repaint. 12320 delivers one vacant unit at close and $1,400 per month of garage parking income. Because each fourplex sits on its own legal parcel, the pair can be financed, insured, and exited independently.
- 01
48% upside on in-place rents to the seller's market estimate
- 02
Two adjacent fourplexes on separate legal parcels
- 03
New roofs and full exterior repaint completed in 2025
- 04
Seller-reported approved ADU plans convey with a combined purchase
- 05
Vacant unit at close plus $1,400 per month parking income
Gallery
Inside the Offering
12314 & 12320 Washington Pl, Culver City, CA 90066
Location
Location & Neighborhood
12314 & 12320 Washington Pl, Culver City, CA 90066
The property sits in Culver West on the border of Mar Vista, inside City of Culver City jurisdiction with a Los Angeles 90066 mailing address, which means Culver City schools and municipal services at a Westside location. Downtown Culver City and the Amazon MGM Studios campus at the historic Culver Studios lot are about 2 miles east, Apple's Culver City campus on Washington Blvd is about 3 miles east, and Playa Vista with Google and YouTube is about 3 miles away. Expo Line access and quick 405 and 10 connections put the rest of the Westside within reach. ZIP 90066 is 59% renter-occupied with a median household income of $90,983.
Listing Team
Exclusively listed by the LAAA Team.
For offering materials, financials, or offer guidance, reach out directly.
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Next Step
Ready to dig into the financials?
Sign the Confidentiality Agreement to access the full Offering Memorandum for 12314 & 12320 Washington Pl, Culver City, CA 90066.
