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12314 Washington Place
Culver City, CA 90066
We are pleased to present the opportunity to acquire 12314 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 12320 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. 12314 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.
PROPERTY INFORMATION
| MLS # | SB24208174 | Lot Size | 6,130 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 2,088,000
Price Per SqFt: $ 599 |
DOM | 208 Days |
| Address | 12314 Washington Place | Type | Residential Income |
| City | Culver City | Sq.Ft. | 3,488 Sq. Ft. |
| Postal Code | 90066 | Garage | 4 |
| County | Los Angeles | Year Built | 1950 |
| Bed / Bath | 8 / 0 | Parking | 4 |
| Built In | 1950 | Status | Active |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| EntryLocation | West |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,227
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/07/2024 | Listed | $2,088,000 |
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Listing provided courtesy of Lorraine Tan, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
