17
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$2,996,000
Est. payment /mo
8 Beds
4 Baths
0.29 Acres Lot
New
12320-12314 Washington Place Culver City, CA 90066
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26213463
Bedrooms 8
Lot Size 0.286 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Major $200,000 Price Reduction - Rare Opportunity! Two (2) Quad-plex buildings situated on adjacent contiguous parcels provide an incredible 8-unit cash-flowing Income property within the prime Mar Vista community, a highly desirable & convenient Culver City location. (2) APN's allow for Investors to apply for more favorable Residential 1-4 Financing as supposed to Commercial Financing rates. One of the units delivered vacant has been newly renovated ,allowing immediate owner occupancy or market Rents. Each of the (8) multi-family units are 2 Bedroom / 1 Bath floor plans. New Roof and Exterior Painting recently completed in 2025 with improved curb appeal, providing peace-of-mind and less maintenance expenses in the near future. Gated Garage Parking spaces are producing additional $1,400 monthly income ($16,800 annually). Approved Plans are in place for (2) additional ADUs, each approximately 870 SF, offering additional value-add potential. Very competitively priced with strong rental income and long-term upside!Two properties also consider selling in separately.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Near the Intersection of Centinela Ave & Washington Place
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4232006020
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Listed by Chao Zhang, DRE#01910651 Coldwell Banker Dynasty Arc.
NEARBY SCHOOL & BUSINESS
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