$2,198,000
Culver City, CA 90066
MLS# 225005922
8 beds | 4 baths | 3550 sqft
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Property Description
Investor / Developer Opportunity — Prime Westside Fourplex Portfolio Rare offering! Side-by-side R4-zoned four-unit buildings located at 12314(see listing) and 12320 Washington Place, just minutes from the Pacific Ocean and some of Southern California's most renowned beach communities. This two-fourplex portfolio—sold together—features eight spacious 2-bedroom / 1-bath units (approx. 875 sq. ft. each), generating immediate income with strong value-add potential. Major improvements completed in 2025 include a brand-new roof and new exterior paint, boosting curb appeal and reducing upcoming maintenance costs. The City has approved plans for two additional 2-bedroom / 2-bath ADUs, presenting a compelling opportunity to increase density, expand rental income, and enhance long-term returns (buyer to verify). A shared, gated central courtyard—anchored by a mature lemon tree—adds charm, shade, and a welcoming community atmosphere that appeals to residents and strengthens overall desirability. Ideally located adjacent to trendy Culver City and perfectly positioned between Santa Monica and Los Angeles, this prime Westside setting offers unmatched access to LAX, Downtown, Silicon Beach, major freeways, entertainment studios, and top tech hubs. The neighborhood blends small-town character with the convenience of nearby urban amenities. Whether you're seeking consistent cash flow or envisioning a development-forward strategy to unlock the site's full R4 potential, this is a rare opportunity to acquire a contiguous two-fourplex portfolio in a high-demand rental corridor. Assumable financing may be available. Don't miss this exceptional opportunity!
Details
Maps
Listing, Location and Property Info
Entry Date: 2025-12-12
List Price/SqFt: 619.15
General Property Information
Common Walls: Yes
# Bedrooms: 8
Property Sub-Type: Quadruplex
Baths - Full: 4
Baths - Total: 4
Approx SqFt: 3550
Lot Acres: 0.15
Lot SqFt: 6348
Year Built: 1950
Listing Info
Total # of Units in Complex: 4
Property Info
View: No
Pool: No
Spa: No
Fireplace: No
Dwelling Total Floors: 2
# of Buildings: 1
Land Lease Type
Fee Simple: 1
Special Conditions
Standard: 1
Terms
Assumable: 1
Cash: 1
Cash to New Loan: 1
Conventional: 1
Possession
Close of Escrow: 1
Disclosures
Other: 1
Units Information
Number of Units Leased: 3
Average SqFt 1 Bedroom: 875
Average SqFt 2 Bedroom: 875
Average SqFt 3 Bedroom: 875
# Separate Electric Meters: 4
# Separate Gas Meters: 4
# Separate Water Meters: 1
Laundry Locations
None: 1
Levels
Two: 1
Entry Location
Ground Level - No Steps: 1
Ground Level w/Steps: 1
Roofing
Composition Shingle: 1
Flooring
Other: 1
Cooling Type
None: 1
Sewer
Other: 1
Heating Fuel
Natural Gas: 1
Water Heater Feature
None: 1
Parking Spaces/Information
Total Garage Spaces: 4
HOA 1 Information
HOA: No
Unit 1 Information
Unit-1 # of Beds: 2
Unit-1 # of Baths: 1
Unit-1 Rent/Month: 1993
Unit-1 Monthly Rent: 1993
Unit 2 Furnished
Unfurnished: 1
Unit 3 Information
Unit-3 # of Beds: 2
Unit-3 # of Baths: 1
Unit-3 Rent/Month: 2669
Unit-3 Monthly Rent: 2669
Unit 3 Furnished
Unfinished: 1
Unit 4 Information
Unit-4 # of Beds: 2
Unit-4 # of Baths: 1
Unit-4 Rent/Month: 2553
Unit-4 Monthly Rent: 2553
Unit 4 Furnished
Unfurnished: 1
Listing Location and Property Info
Status: Active
Entry Date: 2025-12-12
Listing Price: 2198000
Current Price: $2,198,000
Street #: 12320
Street Name: Washington
Suffix: Place
County: Los Angeles
State/Province: CA
Zip Code: 90066
APN/Tax ID: 4232006020
Area: C28 - Culver City
Country: US
Property Features
Land Lease Type: Fee Simple
Special Conditions: Standard
Terms: Assumable; Cash; Cash to New Loan; Conventional
Possession: Close of Escrow
Disclosures: Other
Levels: Two
Entry Location: Ground Level - No Steps; Ground Level w/Steps
Flooring: Other
Cooling Type: None
Heating Fuel: Natural Gas
Laundry Locations: None
Roofing: Composition Shingle
Sewer: Other
Water Heater Feature: None
Unit 2 Furnished: Unfurnished
Unit 3 Furnished: Unfinished
Unit 4 Furnished: Unfurnished
Listing Office: Coldwell Banker Realty
Listing Agent: Judi Lewis | judi@judilewis.com
Agent Email: judi@judilewis.com
Last Updated: December - 13 - 2025
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.