12314 Washington Place
Culver City, CA, 90066 $ 1,498,000
Bedrooms8 Baths1.0 Sq 3,488 Monthly Estimate*
$ 9,223
Listed by Lyon Stahl Investment Real Estate, Inc.
for $1,498,000 with 8 bedrooms and 1 full bath. This 3,488 square foot home was built in 1950 on a lot size of 0.1407.
12314 Washington Pl is a well-located 4-unit multifamily property in Culver City featuring an all 2-bed/1-bath unit mix. Built in 1950, the property sits on a 6,130 SF lot with 3,488 SF of improvements and 4 on-site parking spaces. Each unit averages approximately 872 SF. Current rent roll: Unit A: 2+1 at $2,058/mo; Unit B: 2+1 at $2,058/mo; Unit C: 2+1 at $2,058/mo; Unit D: 2+1 at $2,058/mo. Total current scheduled rent is $8,232/mo, with all four units currently occupied. Market rent is projected at $3,200/mo per unit, creating approximately 55% rent-to-market upside and a pro forma scheduled rent of $12,800/mo. Offered at $1,498,000, the property is priced at $374,500/unit and $429/SF with a 4.53% current cap rate and 8.08% pro forma cap rate. Current NOI is projected at $67,845 with pro forma NOI projected at $121,017. The property also received a brand-new roof and complete exterior repaint in 2025. Also available as part of a paired acquisition with adjacent 12320 Washington Pl. Unified ownership may unlock approved ADU plans and additional long-term upside. Buyer to verify all rents, expenses, market rent assumptions, ADU approvals, zoning, and development potential.
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FeaturesGeneralLiving Area 3488
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Zoning CCR4YY
Year Built 1950
Levels Multi/Split
Gross Income 98784
County Los Angeles
Net Operating Income 67845
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Along Washington Pl near East Blvd
City Culver City
Senior Community Y/N false
Number Of Units Total 4
MLS Area C28 - Culver City
Lot Size Units Square Feet
Lot Size Square Feet 6130
Standard Status Active
Cap Rate 4.53
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InteriorTotal Stories 2
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 8
Total Baths 4
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ExteriorParking Features Driveway
Total Parking 4
Lot Size Area 6130
Number of Buildings 1
Building Area Total 3488
Lot Size Acres 0.1407
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* Excluded FeaturesList ByLyon Stahl Investment Real Estate, Inc.Broker
taylor@lyonstahl.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,223
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Culver City, CA
Average List Price $2,444,235
Percent of Sale Price 63%
About Culver City, CA 40,089 Population
5% Since 2002
$ 81,773 Median Income
41.76 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/9/2026 | $1,498,000 | | Listed Price |