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$ 1,298,000
Est. payment | /mo
8 Beds
4 Baths
3,550 SqFt
$ 1,298,000
Est. payment | /mo
8 Beds
4 Baths
3,550 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $365
MLS Listing ID 225005922
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1950
Property Description
Investor / Developer Opportunity -- Prime Westside Fourplex PortfolioRare 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!
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4YY
Interior
Cooling None
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4232006020
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Virtual Tour https://www.hshprodmls2.com/12320washingtonpl
Listed by Judi Lewis Coldwell Banker Realty
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Renaud Denis
REALTOR®