12314 Washington Place

12314 & 12320 Washington Place is a pair of adjacent 1950 fourplexes on side-by-side parcels - 8 total units, all 2BD/1BA of roughly 880 SF each, totaling 7,038 SF of improvements on 12,478 SF of land with 8 parking spaces. Both parcels sit in the City of Culver City jurisdiction while carrying a Los Angeles 90066 mailing address - Culver City schools and services with a Westside location. The heavy capital work is already done: both buildings received new roofs in 2025 ($50,740 spent) plus a full exterior repaint, per seller-signed 2025 P&Ls. Occupied units average $2,093/month against the seller's own $3,100 market estimate - roughly 48% upside on in-place rents. 12314 is fully occupied; 12320 delivers a vacant unit for an owner-user or immediate $3,100 lease-up, plus $1,400/month of parking income. The seller reports approved ADU plans that convey with a combined purchase of both buildings - a unified-ownership unlock on two contiguous parcels (count/status buyer to verify with Culver City Building & Safety). At $3,196,000, the pairing offers a 4.85% going-in cap with a 7.42% pro forma cap at the seller's market rents, before any ADU contribution.