12320 Washington Pl - Apartments FOR SALE


Los Angeles, CA 90066- Culver-West
$1,698,000 USD
916-996-4421
12320 Washington Pl, Los Angeles, CA for Sale
$1,698,000 USD
Apartments - FOR SALE
1/19
null | 6.02% Cap Rate

12320 Washington Pl
Los Angeles, CA 90066
Culver-West


OVERVIEW

12320 Washington Pl is a 4-unit multifamily opportunity offered at $1,698,000 ($424,500/unit) in the Culver City submarket of West Los Angeles. Built in 1950 on a 6,348 SF lot, the property features four spacious 2-bedroom / 1-bath units averaging 887 SF, situated within one of the Westside's most supply-constrained and employment-anchored rental corridors. As a standalone fourplex, the property qualifies for conventional residential financing — attracting owner-users, house-hackers, and small investors seeking a cleaner entry point in a proven Westside submarket. One unit is vacant and immediately available for occupancy or lease-up at market with no buyout required, delivering income from close of escrow with zero legal exposure. Two of the three occupied units are already near market rent, making this the more stabilized of the two parcels on the block with a straightforward path to full income stabilization. 12320 Washington Pl received a brand-new roof and complete exterior repaint in 2025, delivering a well-maintained asset at entry with limited near-term capital expenditure. 12320 is also available as part of a paired acquisition with the adjacent 12314 Washington Pl — unified ownership unlocks approved ADU plans.

FOR SALE DETAILS

PRICE

$1,698,000 USD

PRICE/SF

$478 USD /SF

# OF UNITS

4

PRICE/UNIT

$424,500

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,346 SF

ZONING

RMD

APN/PARCEL ID

4232-006-020

ASK ABOUT THIS PROPERTY

Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.