12320 Washington Place, Culver City, CA 90066
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$ 1,698,000
Est. payment | /mo

8 Beds

3,550 SqFt


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$ 1,698,000
Est. payment | /mo
Save

8 Beds

3,550 SqFt

Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 3,550 sqft

Price per Sqft $478

MLS Listing ID CL26868957

Bedrooms 8

HOA Y/N No

Year Built 1950

Lot Size 6,348 Sqft

Acres 0.15

Property Sub-Type OTHER

Property Description

Exceptional investment and owner-user opportunity in one of Culver City's most desirable rental markets. This well-maintained mid-century modern - influenced multi-family architecture - four-unit property features an attractive unit mix of four spacious 2-bedroom, 1-bath residences totaling approximately 3,550 square feet on a 6,348 square foot lot. One unit is currently vacant, offering immediate owner-occupancy or the ability to lease at market rent for increased cash flow. The property presents significant upside with approved plans for two additional ADUs (buyer to verify), providing the potential to expand from four to six units and substantially increase long-term income. Recent ownership has invested considerable time navigating the entitlement process, allowing a new owner to capitalize on future development potential with much of the groundwork already completed. Additional features include four on-site parking garages, recent capital improvements, and a prime Westside location just minutes from Marina del Rey, Playa Vista, Venice, major employment hubs, shopping, dining, and convenient freeway access. Brand new roof and fresh exterior paint. Whether you're an investor seeking value-add potential or an owner-user looking to offset housing costs with rental income, this property offers an outstanding combination of current cash flow, future upside, and an unbeatable location. Buyer to independently verify all rents, expenses, zoning, ADU approvals, permits, development potential, and all property information. * This property can be purchased individually or assembled with the adjacent property at 12314 Washington Pl. Contact agent for details. *

Location

State CA

County Los Angeles

Zoning CCR4YY

Interior

Fireplace No

Exterior

Total Parking Spaces 4

Building

New Construction No

Others

Tax ID 4232006020

Bridge MLS
Listed by Vangelis Korasidis • Coldwell Banker Realty

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Roland & Lydia Osage
Roland & Lydia Osage

Agent | License ID: 02055089

+1(925) 206-9799

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12320 Washington Place